Titan approves 1Q dividend

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Titan International Inc.'s board of directors approved a first-quarter dividend of $.005 per share on its common stock. The dividend is payable April 17, 2006, to shareholders of record on March 31, 2006.

Titan's common stock price closed at $16.64 a share on the New York Stock Exchange on March 13. That compares to a 52-week high of $18.17 and low of $12.63.

For fiscal 2005, Titan reported net income of $11 million on net sales of $470.1 million. That compares to net income of $11.1 million on sales of $461.1 million (on a pro forma basis) in 2004.

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