Delphi Automotive PLC (NYSE: DLPH), a leading global vehicle components manufacturer, today announced its Board of Directors has approved the initiation of dividend payments on its ordinary shares and has declared a regular quarterly cash dividend of $0.17 per ordinary share. The dividend is payable on March 27, 2013, to shareholders of record at the close of business on March 15, 2013.
“Our strong balance sheet and significant cash flow generation allow us to take this positive shareholder action today,” said Rodney O’Neal, Delphi’s chief executive officer and president. “The initiation of the cash dividend, along with our existing authorized share repurchase program, continue to reflect our confidence in the business and our continued commitment to enhance shareholder value.”
