As the global economy crumbled, and automotive sales around the world plunged during the COVID-19 pandemic, Guelph-based auto parts maker Linamar was feeling flush with cash.
So much so that at the end the third quarter, it announced it was doubling its dividend, from six cents per share, to 12 cents. That move meant Linamar would now be paying its shareholders almost $8 million every three months.
