Bandag declares 33.5-cent dividend
For the second consecutive quarter, Bandag Inc.'s board of directors declared a regular quarterly dividend of $.335 per share on its common stock, Class A common stock and Class B common stock. The dividend is payable April 20, 2006, to shareholders of record at the close of business on March 27, 2006.
Bandag's common stock closed at $41.62 a share on the New York Stock Exchange on March 14. That compares to a 52-week high of $48.26 and low of $41.07. Bandag's Class A common stock closed at $35.22 a share versus a 52-week high of $43.36 and low of $34.73.
Bandag's Class B common stock is unlisted.
For the fourth quarter ended Dec. 31, 2005, Bandag reported consolidated net earnings of $12.1 million on consolidated net sales of $252.3 million. For the full year, the company posted net earnings of $49.5 million on net sales of $914.6 million.