Directors of Goodyear Tire & Rubber Co. have approved an increase in the company’s quarterly common stock dividend to 7 cents per share from 6 cents per share. The increase is effective with the dividend payable Dec. 1, 2015, to shareholders of record on Nov. 2, 2015.
This 17% dividend increase represents an annual rate of 25 cents per share for 2015 and 28 cents per share for 2016. The payout is Goodyear’s 16th consecutive quarterly dividend.
Goodyear posted net income of $192 million on net sales of nearly $4.2 billion for its second quarter ended June 30, 2015. That compares to income of $213 million on sales of almost $4.7 billion for the same period last year.
For more information on Goodyear's financial results, see "Goodyear's financial results are 'strong' again."
