Tenneco Automotive Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
October 10, 2000
TENNECO AUTOMOTIVE ANNOUNCES FOURTH QUARTER DIVIDEND
LAKE FOREST, Ill.--(BUSINESS WIRE)--Oct. 10, 2000--Tenneco Automotive's (NYSE: TEN) board of directors today declared a regular fourth quarter dividend of 5 cents per share on its common stock. The dividend is payable on December 5, 2000 to stockholders of record at the close of business on November 24, 2000.
Tenneco Automotive is a $3.3 billion manufacturing company headquartered in Lake Forest, Ill., with 24,000 employees worldwide. Tenneco Automotive is one of the world's largest producers and marketers of ride control and exhaust systems and products, which are sold under the Monroe® and Walker ® global brand names. Among its products are Sensa-Trac® and Reflex ® shocks and struts, Rancho® shock absorbers, Walker® Quiet-Flow™ mufflers and DynoMax™ performance exhaust products, and Monroe® Clevite™ vibration control components.
CONTACT: Tenneco Automotive
* The interest coverage ratio in the first, second and third quarters of 2001 was reduced from 2.75 to 2.20
**Interest coverage ratio was reduced from 3.50 to 3.00 in 2005 through 2008.
CONTACT: Tenneco Automotive, Media relations
Jane Ostrander, 847/482-5607
Tenneco Automotive, Investor relations
Leslie Cleveland Hague, 847/482-5042