Retail

Pirelli announces dividend, but not financials

Posted on March 31, 2014

The board of directors for Pirelli & Cie SpA has yet to release the company's 2013 financial results. The directors were scheduled to meet on March 27, 2014, to examine the annual financial and consolidated statements.

However, the board did propose the following dividends, in euros, to its shareholders:

Share type              Dividend 2013  Dividend 2012  

Ordinary shares:     .32 euros            .32 euros 

Savings shares:      .39 euros            .39 euros

Based on the exchange rate with the United States dollar on March 27, 2014, the dividends per share were 44 cents and 54 cents, respectively. 

If the shareholders approve the proposal, the dividends will be paid June 19, 2014.

Related Topics: dividend, Pirelli financials

Comments ( 0 )
More Stories
Alpio Barbara is Modern Tire Dealer's current Tire Dealer of the Year. Nominations for the next winner are due May 26.
News

It's Time to Pick the Next MTD Tire Dealer of the Year

What does it take to be Modern Tire Dealer's Tire Dealer of the Year? Business success, marketing know-how and industry expertise are the foundation. Community involvement and management skills are important, too. And our 2017 award brings something special to the recognition.

News

Price Hike Boosts Michelin's 1Q Sales

Net sales for Michelin Groupe were up 9.9% in the first quarter of 2017, led by early buying of tires ahead of the company’s price increase which went into effect April 1.

Figure 1: Exploded view of a clamp-in style tire pressure sensor. Illustrations courtesy of General Motors Corp.
Article

TPMS: GM/Cadillac Escalade Series: 2007-16

The tire pressure monitoring system (TPMS) on 2007 to 2016 GM/Cadillac Escalade Series system uses the remote control door lock receiver (RCDLR), body control module (BCM), four radio frequency (RF) transmitting pressure sensors, and the serial data circuit to perform the sensor learn mode functions.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!