Company: Borg Warner Inc. (BWA)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company’s largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece. -Morningstar.com-
Symbol: BWA
Recent Price: $32.32
Dividends: $0.44
Yield: 1.36%
Sector: Consumer Cyclical
Industry: Auto parts
Address & Company Phone #: 3850 Hamlin Road Auburn Hills MI 48326, 248-754-9200
Transfer Agent: Computershare 800-851-4229
Moody’s Rating: Baa1
Minimum & Maximum Investment: $50 – $120,000/year
Investment Dates: Every 7 days beginning varies
Shares to Qualify: 1 Share or $500
Fees: Div.: $0 Cash: $0 Cert: $0 Sells: by Mail or Phone for $15+12¢/sh.
52 Week High & Low: $47.05, $29.51