Home | Business News | Browse by Publication | P | PR Newswire

BorgWarner Suspends Quarterly Dividend; Decision Aimed To Maximize Financial Flexibility.

Publication: PR Newswire
Publication Date: 05-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
AUBURN HILLS, Mich., March 5 /PRNewswire-FirstCall/ -- The board of directors of BorgWarner Inc. today announced the temporary suspension of the company's quarterly dividend of $0.12 per share until global economic conditions improve.

"We are facing an unprecedented discontinuity in the marketplace," said Timothy Manganello, Chairman and CEO of the company. "We continue to expect...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from PR Newswire
Surgical Care Affiliates and Hawaii Pacific Health to Operate Surgery ..., March 05, 2009
Federal Realty Investment Trust Announces Equinox Fitness Clubs to Joi..., March 05, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.