Gentherm Declares Special Cash Dividend Payable After Completion of Modine Deal

05:46 PM EDT, 09/17/2026 (MT Newswires) -- Gentherm (THRM) said Thursday it will pay a special cash dividend of about $58.4 million, or an estimated $1.90 per share, on Oct. 7 to shareholders of record Sept. 28. The company said the dividend is conditioned on completion of merger deal with Modine's (MOD) Performance Technologies business. Modine shareholders who receive shares of Gentherm common stock in the merger will not be entitled to the cash dividend, acording to a statement.