AUTOS
From Times Staff and Wire Reports
Chrysler Raises Its Dividend by 33%: The auto maker, buoyed by stronger operating results and recent upgrading of its debt, boosted its quarterly stock dividend to 20 cents a share from 15 cents, a 33% increase and the first since the payout was cut in half in 1991. In October, both Standard & Poor’s and Moody’s Investors Service upgraded their ratings of Chrysler’s $13 billion in long-term debt. Chrysler’s stock fell 50 cents, to $53.50 a share on the New York Stock Exchange.
