BorgWarner (BWA) Halts Quarterly Dividend

Posted by Tate Dwinnell | # |
09:28:18 am on March 6, 2009

MarketWatch reports that BorgWarner has announced it will stop paying its quarterly dividend temporarily, until global economic conditions become more favorable.  According to Timothy Manganello, chairman and CEO, BorgWarner will start return to paying its .12/share quarterly dividend "as soon as the automotive industry returns to a normalized level of activity."

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