Cooper will pay out regular dividend at year's end
Despite a net loss in the third quarter, Cooper Tire & Rubber Co. will pay its regular quarterly dividend of 10.5 cents per share on common stock. The dividend will be payable Dec. 30, 2008, to stockholders of record at the close of business Dec. 2, 2008.
This will mark the 147th consecutive quarterly dividend paid by the company.
Cooper reported a net loss of $55 million for the quarter ended Sept. 30, 2008. However, net sales for the period were a record $794 million, an increase of $26 million, or 3.4%, from the prior year's third quarter sales.