Visteon Suspends Quarterly Cash Dividend
February 09 2005 - 7:00PM
PR Newswire (US)
Visteon Suspends Quarterly Cash Dividend VAN BUREN TOWNSHIP, Mich.,
Feb. 9 /PRNewswire-FirstCall/ -- The Board of Directors of Visteon
Corporation (NYSE:VC) today announced a decision to suspend the
company's quarterly cash dividend on its common stock. The previous
quarterly dividend was $0.06 per share paid in December 2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
The Board of Directors determined that the suspension of the
dividend is the prudent course of action at this time. The Board
will re-evaluate the company's dividend policy on an ongoing basis,
and will set any future dividends based on an evaluation of all
relevant factors. Visteon Corporation is a leading full-service
supplier that delivers consumer-driven technology solutions to
automotive manufacturers worldwide and through multiple channels
within the global automotive aftermarket. Visteon has about 70,000
employees and a global delivery system of more than 200 technical,
manufacturing, sales, and service facilities located in 25
countries. http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO
DATASOURCE: Visteon Corporation CONTACT: Media Inquiries: Kimberly
A. Welch, +1-734-710-5593, E-mail: , or Investor Inquiries: Derek
Fiebig, +1-734-710-5800, E-mail: , both of Visteon Corporation Web
site: http://www.visteon.com/
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