Cooper declares 143rd consecutive quarterly dividend
Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock. The dividend is payable Dec. 28, 2007, to stockholders of record at the close of business Dec. 3, 2007. The company has now declared a dividend for 143 consecutive quarters.
Cooper Tire's stock price closed at $15.36 on the New York Stock Exchange on Thursday, Nov. 15. That compares to a 52-week high and low of $28.02 and $13.23, respectively.
Cooper reported net income of $30 million on net sales of $768 million for the third quarter ended Sept. 30, 2007.