Tire manufacturer Titan International (TWI 0.96%) announced today its third-quarter dividend of $0.005 per share, the same rate it's paid since 2001.

The board of directors said the quarterly dividend is payable on Oct. 15 to the holders of record at the close of business on Sept. 30. The regular dividend payment equates to a $0.02-per-share annual dividend, yielding 0.1% based on the closing price today of Titan International's stock.

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