Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Goodyear Sets Preferred Dividend

Tire maker Goodyear Tire & Rubber  (NASDAQ: GT  )  announced yesterday its second-quarter dividend of $0.7344 cents per share on its 5.875% mandatory convertible preferred stock that trades on the NYSE under the symbol GT.PRA.

The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on June 14. The preferreds have a liquidation preference of $50 per share, plus an amount equal to the sum of all accrued and unpaid dividends. Each share of the mandatory convertible preferred stock will automatically convert on April 1, 2014, into between 2.7454 and 3.4317 shares of its common stock. The payout represents an annual rate of $2.9375 per share.

Goodyear, which remains one of the world's largest tire makers, does not pay a regular dividend on its common stock. 


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2470795, ~/Articles/ArticleHandler.aspx, 9/26/2016 12:00:15 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,117.09 -144.36 -0.79%
S&P 500 2,150.07 -14.62 -0.68%
NASD 5,265.68 -40.07 -0.76%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 11:41 AM
GT $31.88 Down -0.42 -1.30%
Goodyear Tire and… CAPS Rating: ***