Goodyear will pay dividend on preferred stock
Directors of the Goodyear Tire & Rubber Co. have declared a quarterly dividend of 74.25 cents per share of mandatory convertible preferred stock.
The dividend is payable July 1, 2011, to shareholders of record on June 15, 2011. The payout represents an annual rate of $2.9375 per share.
(For more details, see "Own a piece of Goodyear.")
Goodyear recorded net income of $103 million on net sales of $5.4 billion for the first quarter ended March 31, 2011.
For more information about Goodyear and its products, visit www.goodyear.com.