March 10, 2014
Goodyear pays out more than 73 cents a share
Directors of Goodyear Tire & Rubber Co. have declared the final quarterly dividend on the company’s 5.875% mandatory convertible preferred stock. The preferred stock is subject to mandatory conversion into shares of Goodyear common stock on April 1, 2014.
A dividend of 73.44 cents per share is payable in cash on April 1, 2014, to shareholders who present the preferred stock for mandatory conversion on that date. The payout represents an annual rate of $2.9375 per share. This is Goodyear’s 10th consecutive quarterly dividend.
For details on Goodyear’s most recent financial results, see:
‘Goodyear's operating income: It's all good’
‘Not good, great: Goodyear makes $600 million’