Directors of Goodyear Tire & Rubber Co. have declared a quarterly dividend of 7 cents per share of common stock. The dividend is payable June 1, 2016, to shareholders of record on May 2, 2016.
The payout represents an annual rate of 28 cents per share. The payout is Goodyear’s 18th consecutive quarterly dividend.
Goodyear posted net income of nearly $307 million on net sales of $16.4 billion for fiscal 2015 ended Dec. 30, 2015. That compares to income of $2.4 billion on sales of $18.1 billion for fiscal 2014.
The company recorded a net loss of $380 million on net sales of $4.1 billion for its fourth quarter ended Dec. 30, 2015. That compares to sales of $4.4 billion in 4Q 2014. Goodyear says sales were impacted by $339 million in unfavorable foreign currency translation.
For more information on Goodyear’s financial results, see “Goodyear Says Results Are Outstanding Despite 4Q Loss.”
