Meritor Automotive Declares Quarterly Dividend on Common Stock
9 February 2000
Meritor Automotive Declares Quarterly Dividend on Common StockTROY, Mich., Feb. 9 -- The Meritor Automotive, Inc. board of directors today declared a quarterly dividend of 10.5 cents per share on its common stock, payable March 13, 2000, to shareowners of record on February 22, 2000. Meritor, with 1999 sales of $4.5 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, automotive body, access control and suspension systems and wheel products for passenger cars, light trucks and sport utility vehicles.