Autoliv Declares Dividend.STOCKHOLM, Sweden -- Regulatory News: The Board of Directors of Autoliv Inc. (NYSE NYSE See: New York Stock Exchange :ALV ALV Arvonlisävero (Finnish: value added tax) ALV Avian Leukosis Virus ALV Andorra La Vella (capital of Andorra) ALV Autonomous Land Vehicle ALV Asta La Vista ALV Alvin, Texas ALV Air Launched Vehicle ) (STO:ALIV ALIV A Life in Vain (band) ) - the worldwide leader in automotive safety systems - today declared a quarterly dividend of 39 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for the second quarter 2008. The dividend will be payable on Thursday, June 5, 2008 to Autoliv shareholders of record on the close of business on Thursday, May 8, 2008. The ex-date when the shares will trade without the right to the dividend, will be May 5. The dividend of 39 cents per share is unchanged compared to the dividend for the first quarter 2008. In order to create value for its shareholders, Autoliv has an active share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. program in addition to the quarterly dividends. Through this program, the Company has returned $1.3 billion to shareholders since the program was adopted in 2000 including $380 million during the last twelve months. During this 12-month period, Autoliv also paid quarterly dividends of $121 million. The total amount of more than $500 million represents a pay-out-ratio of 174% in relation to the Company's net income of $288 million for the period January 2007 through December 2007 and provides a total yield of 11.2% in relation to the Company's average market capitalization during the same period. Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with approximately 42,000 employees in 29 vehicle-producing countries. In addition, the Company has technical centers in twelve countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2007 amounted to US $6.8 billion. The Company's shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE:ALV) and its Swedish Depository Receipts on the OMX OMX Office Max (stock symbol) Nordic Exchange in Stockholm (ALIVsdb). This information was brought to you by Cision http://newsroom.cision.com |
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