Titan board approves 2Q cash dividend
Titan International Inc. will pay out a cash dividend of $.005 per common share for the second quarter of 2007.
The cash dividend, approved by Titan's board of directors, is payable July 16, 2007, to stockholders of record on June 29, 2007.
Titan International Inc.'s first-quarter net sales totaled $226.3 million, a 24% increase over sales during the first quarter of 2006 -- and a Titan record. Income from operations for the first quarter was $14.3 million, down $2.9 million from the same period last year.
Titan's gross profit for the first quarter was $27.2 million, a $3.9 million drop from the same period in 2006.