Cooper Tire Declares Fresh Dividend

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On the back of a very encouraging quarter, Cooper Tire & Rubber (NYSE: CTB  )  plans to continue its long-standing tradition of sharing the wealth with its shareholders. The company has declared a quarterly dividend of $0.105 per share of its common stock, to be paid on June 28 to shareholders of record as of June 3. This amount is in line with Cooper Tire's previous distributions -- it's handed out the same payment in every quarter for more than a decade.

In the press release announcing the latest payout, the company took pains to mention that it is the 165th consecutive quarterly distribution.

The dividend annualizes to $0.42 per share, which yields 1.8% at Cooper Tire's most recent closing stock price of $23.99.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

5/24/2016 3:21 PM
CTB $31.40 Up +0.45 +1.45%
Cooper Tire & Rubb… CAPS Rating: ****