Titan continues dividend streak in 1Q
The board of directors of Titan International Inc. has approved a quarterly cash dividend of one-half cent per common share for the first quarter of 2011. It is the 40th consecutive quarter that Titan has approved a one-half cent dividend.
The cash dividend is payable April 15, 2011, to stockholders of record on March 31, 2011.
Titan recorded net income of $400,000 on net sales of $881.6 million for its fiscal year ended Dec. 31, 2010. That compares to a net loss of $24.6 million on sales of $727.6 million in 2009.
(For more information on Titan's fiscal 2010 results, see "Titan turns yearly loss into small profit.")