Tire manufacturer Titan International (NYSE:TWI) 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.

TWI Dividend Chart

TWI Dividend data by YCharts

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Titan International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.