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.
Bob Ulrich was named Modern Tire Dealer editor in August 2000. He joined the magazine in 1985 as assistant editor, and has been responsible for gathering statistical information for MTD's "Facts Issue" since 1993.