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Cooper declares dividend following 1Q results

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Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock, payable June 28, 2013. The dividend will be payable to all stockholders of record at the close of business on  June 3, 2013.

Cooper says this marks the 165th consecutive quarterly dividend paid by the Findley, Ohio-based tire maker.

Cooper reported net income of $56 million on net sales of $862 million for the first quarter ended March 31, 2013. That compares to income of $22 million on sales of $985 million for the same period in 2011.

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