Cooper Tire & Rubber Company announced a quarterly dividend of 10.5 cents per share on common stock, payable Sept. 30, 2013. The dividend will be payable to stockholders of record at the close of business on Sept. 5, 2013.
The company says this marks the 166th consecutive quarterly dividend paid by the Findlay, Ohio-based tire manufacturer.
Cooper posted net income of $56 million on net sales of $862 million for the first quarter ended March 31, 2013.
The company will release its second-quarter 2013 financial results before the market opens on Thursday, Aug. 8. Cooper says it will not host a financial community conference call due to its pending merger with Apollo Tyres Ltd.
Source:
http://www.moderntiredealer.com/news/story/2013/08/cooper-dividend-166-consecutive-quarters.aspx
