Goodyear dividend remains the same in 3Q
Directors of the Goodyear Tire & Rubber Co. declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock for the second consecutive quarter.
The dividend is payable Jan. 1, 2012, to shareholders of record on Dec. 15, 2011. The payout represents an annual rate of $2.9375 per share.
Goodyear posted net income of $161 million on net sales of $6.1 billion for the third quarter ended Sept. 30, 2011. For more information on the company's latest financial results, click here.