The board of directors of Titan International Inc. has approved a quarterly cash dividend of one-half cent per common share for the second quarter of 2012. It is the 45th consecutive quarter that Titan has approved a one-half cent dividend.
The cash dividend is payable July 16, 2012, to stockholders of record on June 29, 2012. Titan last paid a dividend on April 16, 2012.
Titan recorded adjusted net income of $40.5 million on net sales of $463.1 million for the first quarter ended March 31, 2012. The 1Q income-to-sales ratio was 8.7%.
(For more information on Titan's most recent financial results, click on "Record 1Q bodes well for Titan's goals.")
For more information on Titan and its products, visit www.titan-intl.com.
