Directors of Goodyear Tire & Rubber Co. have declared a quarterly dividend of 14 cents per share of common stock. The dividend is payable June 1, 2018, to shareholders of record on May 1, 2018.
The payout represents an annual rate of 56 cents per share.
Goodyear posted net income of $346 million on net sales of $15.4 billion 2017. That compares to income of $1.3 billion on net sales of nearly $15.2 billion for 2016.
Goodyear posted a net loss of $96 million on net sales of $4.1 billion for its 2017 fourth quarter. That compares to net income of $561 million on sales of $4.1 billion in 2016’s fourth quarter.
For more information on the company, visit www.goodyear.com/corporate.