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Titan board approves half-cent dividend

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Titan International Inc.´s board of directors approved a quarterly dividend of $.005 per share on its common stock. The dividend is payable Jan. 14, 2005, to shareholders of record on Dec. 31, 2004.

Titan´s common stock closed at $13.43 a share on the New York Stock Exchange on Dec. 9. That compares to a 52-week high of $14.50 and low of $2.10.

Titan reported net income of $1.48 million on net sales of $116.5 million for the third quarter ended Sept. 30.

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