TRW Increases Quarterly Dividend on Common Stock
26 October 2000
TRW Increases Quarterly Dividend on Common Stock
Business EditorsCLEVELAND--Oct. 25, 2000--Directors of TRW Inc. today declared an increase of its quarterly dividend to 35 cents per share from the previous amount of 33 cents per share on the company's outstanding common stock.
The directors also declared regular quarterly dividends of $1.100 per share on the Serial Preference Stock II (Series 1) and $1.125 per share on the Serial Preference Stock II (Series 3).
The dividends are payable on December 15, 2000, to shareholders of record at the close of business on November 10. It is the 249th consecutive dividend declared on the company's common shares.
In addition, the company announced that it plans to purchase approximately 1 million shares of its common stock per year to offset partially the effects of shares issued in connection with employee benefit plans.