Bandag raises quarterly dividend
Bandag Inc.'s board of directors declared a regular quarterly dividend of 34 cents per share on its common stock, Class A common stock and Class B common stock. The dividend is payable Jan. 22, 2007, to shareholders of record at the close of business on Dec. 22, 2006.
For the previous four quarters, Bandag paid a dividend of $.335 per share.
Bandag's common stock closed at $43.42 a share on the New York Stock Exchange on Nov. 7. That compares to a 52-week high of $45.42 and low of $32.79. Bandag's Class A common stock closed at $36.48 a share versus a 52-week high of $39.05 and low of $27.99.
Bandag's Class B common stock is unlisted.
For the third quarter ended Sept. 30, 2006, Bandag reported consolidated net earnings of $9.2 million on consolidated net sales of $260.2 million.