Cooper Tire & Rubber Co. announced a first-quarter dividend of 10.5 cents per share of common stock. This is the 125th consecutive quarterly dividend -- a span of more than 31 years -- paid by the company.
"Paying dividends is just one way of returning value to our shareholders," says Tom Dattilo, Cooper's chairman, CEO and president.
The dividend will be payable June 29 to stockholders of record at the close of business June 2.
Cooper's stock price per share closed at $14.30 yesterday. The stock's 52-week high and low is $26.10 and $11.84, respectively.
