Cooper dividend: 162 quarters and counting

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Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock, payable Sept. 28, 2012. The dividend will be payable to all stockholders of record at the close of business on Sept. 4, 2012.

Cooper says this marks the 162nd consecutive quarterly dividend paid by the Findley, Ohio-based tire maker.

Cooper reported net income of $22 million on net sales of $984 million for the first quarter ended March 31, 2012. That compared to income of $16 million on sales of $902 million for the same period last year.

The company will release its second-quarter 2012  financials results on Thursday, Aug. 9.

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