The Board of Directors of the worldwide leader in automotive safety systems, Autoliv, Inc. (NYSE: ALV, and SSE: ALIV sdb), today declared a quarterly dividend of 50 cents per share for the fourth quarter 2013. In addition the Board renewed a mandate for the repurchase of up to 3.2 million common shares with the intent to from time to time repurchase shares in the open market or otherwise.
The dividend will be payable on Thursday, December 5, 2013 to Autoliv shareholders of record on the close of business on Wednesday, November 20. The ex-date when the shares will trade without the right to the dividend will be Monday, November 18.
In addition the Board renewed a mandate to repurchase up to 3.2 million common shares. Autoliv management can, subject to legal requirements, now initiate buy backs of Autoliv shares opportunistically at their own discretion. The intent is to from time to time repurchase shares in the open market or otherwise. The mandate to repurchase the shares was first announced on November 8, 2007.
