WABCO (WBC) Directors Approve Cash Dividend of 7c

November 14, 2008 7:32 AM EST

WABCO Holdings (NYSE: WBC) announced that on November 10, 2008 its board of directors approved a cash dividend of 7 cents per share of common stock. The dividend is payable on December 19, 2008, to shareholders of record on December 2, 2008.

On October 8, 2008, the company's Board of Directors approved the adoption of stock ownership guidelines which require its senior executives to acquire and hold a multiple of one to three times the value of their salary in company stock during their tenure.

WABCO Vehicle Control Systems is one of the world's leading providers of electronic braking, stability, suspension and transmission automation systems for heavy duty commercial vehicles.
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