Titan approves one-half cent per share
The board of directors of Titan International Inc. has approved a quarterly cash dividend of one-half cent per common share for the fourth quarter of 2012. It is the 47th consecutive quarter that Titan has approved a one-half cent dividend.
The cash dividend is payable Jan. 15, 2013, to stockholders of record on Dec. 31, 2012. Titan last paid a dividend on Oct. 15, 2012.
Titan posted net income of $19.5 million on net sales of $404.7 million for the third quarter ended Sept. 30, 2012. That compared to income of $21.1 million on sales of $398.8 million for the same period in 2011.
(For more information on the company's most recent financial results, click here.)
For more information on Titan and its products, visit www.titan-intl.com.