DURA Automotive Announces Dividend on Trust Preferred Securities
01 Juni 2006 - 2:00PM
Business Wire
DURA Automotive Systems, Inc. (Nasdaq:DRRA), announced today that a
quarterly dividend of $0.47 per share will be paid on the 7 1/2%
convertible trust preferred securities issued by the DURA
Automotive Capital Trust. The dividend will be payable on June 30,
2006, to stockholders of record on June 15, 2006. The dividend will
be paid on 2,210,000 shares outstanding. The convertible trust
preferred securities are traded on the Nasdaq National Market under
the symbol DRRAP. About DURA Automotive Systems, Inc. DURA
Automotive Systems, Inc., is a leading independent designer and
manufacturer of driver control systems, seating control systems,
glass systems, engineered assemblies, structural door modules and
exterior trim systems for the global automotive industry. The
company is also a leading supplier of similar products to the
recreation vehicle (RV) and specialty vehicle industries. The
company had 2005 sales of $2.35 billion. DURA sells its automotive
products to every major North American, Asian and European original
equipment manufacturer (OEM) and many leading Tier 1 automotive
suppliers. DURA is headquartered in Rochester Hills, Mich.
Information about DURA and its products is available on the
Internet at www.duraauto.com.
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