BRUSSELS, Belgium – November 14, 2008 – WABCO Holdings Inc. (NYSE: WBC) announced today that on November 10, 2008 its board of directors approved a cash dividend of 7 cents per share of common stock. The dividend is payable on December 19, 2008, to shareholders of record on December 2, 2008.
On October 8, 2008, the company’s Board of Directors approved the adoption of stock ownership guidelines which require its senior executives to acquire and hold a multiple of one to three times the value of their salary in company stock during their tenure.
About WABCO
WABCO Vehicle Control Systems is one of the world's leading providers of electronic braking, stability, suspension and transmission automation systems for heavy duty commercial vehicles. Customers include the world’s leading commercial truck, trailer, and bus manufacturers. Founded in the U.S. in 1869 as Westinghouse Air Brake Company, WABCO was acquired by American Standard in 1968 and spun off in 2007. Headquartered in Brussels, Belgium, WABCO employs more than 7,700 people in 31 countries worldwide. In 2007, WABCO’s total sales were $2.4 billion. WABCO is a publicly traded company and is listed on the New York Stock Exchange with the stock symbol WBC. Website: www.wabco-auto.com
Media, investors and financial analysts contact:
Mike Thompson, +32 2 663 9854, mike.thompson@wabco-auto.com
Jason Campbell, +1 732 369 7477, jason.campbell@wabco-auto.com
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