Donnelly Corporation, an international automotive supplier based in the US, announced that its Board of Directors declared a quarterly dividend of 10 cents (US$ 0.10) per share on its Class A Common S…
Donnelly Corporation, an international automotive supplier based in the US, announced that its Board of Directors declared a quarterly dividend of 10 cents (US$ 0.10) per share on its Class A Common Stock. The dividend will be paid on 1 January 2000 to shareholders of record at the close of business on 15 December 1999. Meanwhile, the company received an order from an undisclosed North American customer for interior rear-view mirrors that will include advanced electronic features. The function of the electronic features was not disclosed. A Donnelly spokesman said the order will generate about US$ 100 million in sales over the next several years. Shipments of the mirrors will begin in the middle of next year. Donnelly, which makes car mirrors, made sales of US$ 905 million for the year ended 31 July 1999.