BorgWarner(NYSE:BWA) Declares Dividend of $0.1300.

BorgWarner (NYSE:BWA) had declared a cash dividend of $0.1300 on Jul 26, 2016. The shares will quote ex-dividend on Aug 30, 2016 and the record date has been fixed for Sep 1, 2016. On Jul 26, 2016 share price, the yield comes out to be 1.5321%. The dividend payable date has been fixed on Sep 15, 2016.

In a different note, On Jun 21, 2016, Bank of America said it Downgrades its rating on BorgWarner. The shares have been rated ‘Neutral’ by the firm.

BorgWarner (BWA) made into the market gainers list on Fridays trading session with the shares advancing 2.12% or 0.69 points. Due to strong positive momentum, the stock ended at $33.18, which is also near the day’s high of $33.56. The stock began the session at $32.56 and the volume stood at 34,41,277 shares. The 52-week high of the shares is $52.47 and the 52 week low is $27.52. The company has a current market capitalization of $7,221 M and it has 21,76,19,230 shares in outstanding.

BorgWarner(BWA) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.27B. Analysts had an estimated revenue of $2.23B. Earnings per share were $0.80. Analysts had estimated an EPS of $0.78.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Dennis C Cuneo (director) sold 2,500 shares at $33.53 per share price.Also, On May 4, 2016, Ronald T Hundzinski (Vice President and CFO) sold 3,721 shares at $35.06 per share price.On Mar 17, 2016, Alexis P Michas (director) sold 10,000 shares at $36.69 per share price, according to the Form-4 filing with the securities and exchange commission.

BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’ develops and manufactures products in gasoline and diesel engines and alternative powertrains. The Drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive (AWD) vehicles. The Company manufactures and sells the product across the world to equipment manufacturers (OEMs) of light vehicles. The Company sells the products to other OEMs of commercial vehicles and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas Europe and Asia and is an equipment supplier to automotive OEM.

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