Cooper will dole out dividend June 1

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Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock, payable June 29, 2012. The dividend will be payable to all stockholders of record at the close of business on June 1, 2012.

Cooper says this marks the 161th consecutive quarterly dividend paid by the Findley, Ohio-based tiremaker.

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

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