Titan approves half-cent dividend for fourth quarter
Titan International Inc. will pay out a cash dividend of $.005 per common share for the fourth quarter of 2007.
The cash dividend, approved by Titan's board of directors, is payable Jan. 15, 2008, to stockholders of record on Dec. 31, 2007.
Titan International Inc.'s third-quarter net sales totaled $195.5 million, a 25% increase over sales during the third quarter of 2006. Titan's gross profit increased from $17.1 million in 3Q 2006 to $18.3 million this year.