BorgWarner Declares Quarterly Dividend
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AUBURN HILLS, Mich., Jan. 21 / -- The board of directors of BorgWarner Inc. (NYSE: BWA) declared a quarterly dividend of $0.11 per share on all of the company's issued and outstanding common stock. The dividend is payable February 15, 2008 to stockholders of record on February 1, 2008.
The dividend reflects a two-for-one stock split on December 17, 2007, and
a 29% increase from the previous dividend of $0.085. BorgWarner has tripled
its dividend amount over the past six years.
Auburn Hills, Michigan-based BorgWarner Inc. (NYSE: BWA) is a product
leader in highly engineered components and systems for vehicle powertrain
applications worldwide. The FORTUNE 500 company operates manufacturing and
technical facilities in 64 locations in 17 countries. Customers include
VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler,
Chrysler, Fiat, BMW, Honda, John Deere, PSA and MAN. The Internet address for
BorgWarner is: www.borgwarner.com.
SOURCE BorgWarner Inc.
CONTACT: Mary Brevard, +1-248-754-0881, for BorgWarner Inc.
Web site: www.borgwarner.com
