Six in a row! Goodyear pleases shareholders

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Directors of the Goodyear Tire & Rubber Co. have declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock for the sixth consecutive quarter. The dividend is payable Jan. 1, 2013, to shareholders of record on Dec. 14, 2012.

The payout represents an annual rate of $2.9375 per share.

Goodyear posted net income of $110 million on net sales of $5.3 billion for the third quarted ended Sept. 30, 2012. For more on Goodyear's 3Q financial results, click here.

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