Titan's board approves dividend for third quarter
The board of directors of Titan International Inc. has approved a quarterly cash dividend of $.005 per common share of stock prior to the company's third-quarter results.
The cash dividend is payable Oct. 15, 2008, to stockholders of record on Sept. 30, 2008. Titan's third quarter ends Sept. 30. It is the 30th consecutive quarter Titan has offered a $.005 dividend.
Titan posted sales of $269.1 million during the second quarter of 2008, up 28% over the same period last year and a record for the company.
Titan's 2Q net income totaled $13.3 million, a 168% increase over the same period last year.