Company: Lear Corp. (LEA)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high-voltage battery management systems, high-voltage power distribution systems, domain controllers, telematics control units, gateway modules, vehicle positioning for automated and autonomous driving, embedded control software, cloud and mobile device software and services, and cybersecurity. Lear’s largest customer and regional market is GM and North America at 20% and 44% of 2022 revenue, respectively. -Morningstar.com-
Symbol: LEA
Recent Price: $109.71
Dividends: $3.08
Yield: 2.81%
Sector: Consumer Cyclical
Industry: Auto Parts
Address & Company Phone #: 21557 Telegraph Rd. Southfield MI 48033, 248-447-1500
Transfer Agent: Computershare 800-524-4458
Moody’s Rating: Baa2
Minimum & Maximum Investment: $10 – $250,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $25
Fees: Div.: 5% of amount invested up to $5 Max Cash: $5+5¢/sh. Cert: $5 Sells: by Mail, Phone or Internet for $25+12¢/sh.
52 Week High & Low: $157.91, $117.79