Meritor Automotive Declares Quarterly Dividend on Common Stock
14 July 1999
Meritor Automotive Declares Quarterly Dividend on Common StockTROY, Mich., July 14 -- The Meritor Automotive Inc. board of directors today declared a quarterly dividend of 10.5 cents per share on its common stock, payable September 7, 1999, to shareowners of record on August 16, 1999. Meritor, with 1998 sales of more than $3.8 billion, is a global supplier of a broad range of components and systems for commercial, specialty and light vehicle OEMs and the aftermarket. Meritor consists of two businesses: Heavy Vehicle Systems, a leading supplier of drivetrain systems and components for medium- and heavy-duty trucks, trailers and off-highway equipment and specialty vehicles, including military, bus and coach, and fire and rescue; and Light Vehicle Systems, a major supplier of roof, door, access control, suspension and seat adjusting systems and wheel products for passenger cars, light trucks and sport utility vehicles.