Meritor Automotive Declares Quarterly Dividend on Common Stock
12 April 2000
Meritor Automotive Declares Quarterly Dividend on Common StockTROY, Mich., April 12 The Meritor Automotive, Inc. board of directors, today declared a quarterly dividend of 10.5 cents per share on its common stock, payable June 5, 2000, to shareowners of record on May 15, 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: 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, and Heavy Vehicle Systems, a leading supplier of complete 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.