The Delphi Automotive Systems (NYSE: DPH – news) Board of Directors today declared a quarterly dividend of $0.07 per share on Delphi $0.01 par value common stock. The dividend is payable October 16, 2000, to shareholders of record as of the close of business September 18, 2000.
“For the sixth consecutive quarter, Delphi continues with our commitment of returning value to our shareholders through dividends,” said Delphi Chairman, Chief Executive Officer and President J.T. Battenberg III. “As we continue to execute our business plan and meet our financial targets, we will also continue to reward our shareholders.”
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Multi-national Delphi Automotive Systems, with headquarters in Troy, Mich., USA, Paris, Tokyo and Sao Paulo, Brazil, is a world leader in mobile electronics and transportation components and systems technology. Delphi’s three business sectors — Dynamics & Propulsion; Safety, Thermal & Electrical Architecture; and Electronics & Mobile Communication — provide comprehensive product solutions to complex customer needs. Delphi has approximately 216,000 employees and operates 179 wholly owned manufacturing sites, 41 joint ventures, 53 customer centers and sales offices and 31 technical centers in 39 countries. Delphi can be found on the Internet at www.delphiauto.com .
