Delphi Initiates Quarterly Dividend

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Auto-parts supplier Delphi Automotive (NYSE: DLPH  ) has announced that its board of directors approved the start of a quarterly dividend payment at the rate of $0.17 per share. The first dividend will be payable on March 27 to shareholders of record at the close of business on March 15. 

Delphi President and CEO Rodney Neal said: "Our strong balance sheet and significant cash flow generation allow us to take this positive shareholder action today. 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."

Delphi exited bankruptcy protection in 2009 and went public again in November 2011. Shares opened that day at $21.25, and today the stock stands at $38.13, a near-80% gain.

DLPH Chart

DLPH data by YCharts

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2280702, ~/Articles/ArticleHandler.aspx, 10/8/2015 10:00:50 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


Today's Market

updated 44 minutes ago Sponsored by:
DOW 17,050.75 138.46 0.82%
S&P 500 2,013.43 17.60 0.88%
NASD 4,810.79 19.64 0.41%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/8/2015 4:05 PM
DLPH $80.90 Up +1.16 +1.45%
Delphi Automotive CAPS Rating: ****