The board of directors of Titan International Inc. has approved a quarterly cash dividend of $.005 (one-half cent) per common share for the second quarter of 2014. The cash dividend is payable Tuesday, July 15, 2014, to stockholders of record on Monday, June 30, 2014.
It is the second consecutive quarterly dividend issued by the company. Titan's board also approved a one-half cent dividend for the first quarter of 2014.
Titan posted net income of $2.1 million on net sales of $539 million for the first quarter ended March 31, 2014. That compared to income of more than $19.4 million on sales of $578.4 million for the same period in fiscal 2013.
For more information on Titan and its products, visit www.titan-intl.com.