Trade Resources Market View Cooper Announced a Quarterly Dividend of 10.5 Cents Per Share on Common Stock

Cooper Announced a Quarterly Dividend of 10.5 Cents Per Share on Common Stock

Tags: Tyre, Tire, Auto Parts

Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock, payable June 27, 2014. The dividend will be payable to stockholders of record at the close of business June 2, 2014.

Cooper says this marks the 169th consecutive quarterly dividend paid by Findley, Ohio-based tire company.

Cooper reported net sales of $796 million for its first quarter of 2014, a decrease of $65 million compared with the same period a year ago. Operating profit for the quarter was $81 million, which is $16 million lower than the first quarter of 2013.

Source: http://www.moderntiredealer.com/news/story/2014/05/cooper-declares-dividend-following-1q-results.aspx
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Cooper Declares Dividend Following 1Q Results
Topics: Auto Parts