By Katherine Hamilton
Phinia increased its share-buyback authorization and raised its quarterly dividend by 11%, to 30 cents a share.
The fuel-systems company said Thursday its board authorized a $150 million increase to its previously approved $600 million buyback program.
Including Thursday's increase, Phinia now has about $314 million available under the repurchase program.
Phinia's new dividend, which is 3 cents higher than its prior one, will be paid on March 20 to shareholders of record as of March 6.
The new payout, equal to $1.20 a year, represents an annual yield of 1.7% based on Thursday's closing price of $70.44.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 29, 2026 17:38 ET (22:38 GMT)
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