Cooper declares dividend on eve of 4Q results
Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock, payable March 30, 2012. The dividend will be payable to all stockholders of record at the close of business on March 6, 2012.
The company will announce its fourth-quarter and full-year 2011 financial results before the market opens on Monday, Feb. 27.
For the nine months ended Sept. 30, 2011, Cooper reported net sales of $2.88 billion, an increase of $440 million, or 18%, from the same period of 2010.