CHICAGO — BorgWarner shareholders have approved an increase in the number of shares of authorized common stock to 150 million from 50 million allowing for a two-for-one stock split. The stock split will be effective May 17 to shareholders of record on May 3.
In addition, the board of directors of BorgWarner declared a quarterly dividend of $0.125 per share post-split ($0.25 per share pre-split) on all of the company’s issued and outstanding common stock. The dividend is also payable May 17 to shareholders of record on May 3.
For more information on BorgWarner, go to: www.bwauto.com.
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