Titan follows profitable 3Q with dividend
The board of directors of Titan International Inc. has approved a quarterly cash dividend of one-half cent per common share for the fourth quarter of 2011. It is the 43rd consecutive quarter that Titan has approved a one-half cent dividend.
The cash dividend is payable Jan. 16, 2012, to stockholders of record on Dec. 31, 2011. Titan last awarded a dividend on Oct. 15, 2011.
Titan.posted net income of $21.5 million on net sales of nearly $400 million for the third quarter ended Sept. 30, 2011. The 3Q income-to-sales ratio was 5.4%.
(For more information on Titan's most recent financial results, click on "Titan reports record Q3 revenue and net income.")
For more information on Titan and its products, visit www.titan-intl.com.