Another quarter, another dividend for Cooper
Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock. The dividend is payable June 30, 2006, to stockholders of record at the close of business June 2, 2006.
The company has now declared a dividend for 137 consecutive quarters.
Cooper Tire's stock price closed at $12.53 on the New York Stock Exchange on Monday, May 1. That compares to a 52-week high and low of $21.00 and $12.15, respectively.
Cooper reported a net loss of nearly $7 million (including discontinued operations) on net sales of $572 million for the fourth quarter ended March 31, 2006.