BEI Technologies Declares Quarterly Dividend
BEI Technologies Declares Quarterly Dividend
SAN FRANCISCO, Aug. 28 The Board of Directors of BEI Technologies, Inc. today announced its sixteenth consecutive quarterly dividend. The dividend of one cent per share was declared August 28, 2001 and is payable on September 27, 2001 to shareholders of record September 12, 2001. BEI Technologies and its subsidiaries were spun-off from their parent, BEI Electronics, Inc., at the end of September 1997 by distribution of the outstanding stock of BEI Technologies to the stockholders of BEI Electronics. BEI Technologies' former parent, BEI Electronics, paid 36 consecutive quarterly dividends from its initial public offering in 1989 through September 1997. BEI Technologies, Inc. is an established manufacturer of electronic sensors, motors, actuators and motion control products used for factory and office automation, medical equipment, military, aviation and space systems. In addition, sales to manufacturers of transportation equipment including automobiles, trucks and off-road equipment have become a significant addition to the Company's business in recent years, in particular, sales of the Company's micromachined quartz yaw rate sensors used in advanced vehicle stability control systems. BEI also manufactures electronic steering wheel position sensors, seat-memory modules, throttle position and pressure sensors and other devices used in automotive systems. GyroChip is a registered trademark of BEI Technologies, Inc. CONTACT: John LaBoskey, Senior Vice President - CFO of BEI Technologies, Inc., +1-415-956-4477.
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