BorgWarner increases quarterly dividend 4% to 13c BorgWarner declared a 4% increase in the quarterly cash dividend to 13c per share of common stock. The dividend is payable on September 16 to shareholders of record on September 2.
BorgWarner sees FY15 operating income as percentage of sales above 13% The company expects operating income as a percentage of net sales to be "above 13%" in 2015, up from its guidance of "approaching 13%" for 2014. The improvement can be largely attributed to incremental income from higher net sales and an ongoing focus on managing costs. Strong operational performance is expected to offset the costs of global growth, restructuring-related inefficiencies and other inflationary cost pressures.
Deutsche Bank to hold a conference 2015 Global Auto Industry Conference is being held in Detroit on January 13-15 with webcasted company presentations to begin on January 14 at 7:15 am; not all company presentations may be webcasted. Webcast Link