WABCO Directors Approve Cash Dividend
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BRUSSELS, Belgium, November 14, 2008: WABCO Holdings Inc. announced today that on November 10, 2008 its board of directors approved a cash dividend of 7 cents per share of common stock. The dividend is payable on December 19, 2008, to shareholders of record on December 2, 2008.
On October 8, 2008, the company's Board of Directors approved the adoption of stock ownership guidelines which require its senior executives to acquire and hold a multiple of one to three times the value of their salary in company stock during their tenure.