The board of directors of Titan International Inc. has approved a quarterly cash dividend of one-half cent per common share for the first quarter of 2012. It is the 44th consecutive quarter that Titan has approved a one-half cent dividend.
The cash dividend is payable Apr. 16, 2012, to stockholders of record on March 30, 2011. Titan last paid a dividend on Jan. 15, 2012.
Titan recorded net income of $19.5 million on sales of $402.9 million for the fourth quarter ended Dec. 31, 2011. The 4Q income-to-sales ratio was 4.8%.
(For more information on Titan's most recent financial results, click on "Titan has record 4Q, record 2011.)
For more information on Titan and its products, visit www.titan-intl.com.
