BorgWarner Keeps Dividend Steady
Automotive emissions specialist BorgWarner announced today its third-quarter dividend of $0.25 per share, the same rate it paid last quarter after reinstating its dividend. BorgWarner suspended the dividend in 2009 due to an "unprecedented discontinuity in the marketplace" at the time.
The board of directors said the quarterly dividend is payable on Nov. 15 to the holders of record at the close of business on Nov. 1. The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 1% based on the closing price today of BorgWarner's stock.
The article BorgWarner Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends BorgWarner. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.