Cooper declares 3Q dividend
Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock. The dividend is payable Dec. 28, 2004, to stockholders of record at the close of business Dec. 3, 2004.
The company has now declared a dividend for 131 consecutive quarters.
Cooper Tire´s stock price closed at $20.91 on the New York Stock Exchange on Thursday, Nov. 18. That compares to a 52-week high and low of $23.89 and $17.20, respectively.
In October, Cooper Tire & Rubber Co. reported net income from continuing operations of $9.8 million on record net sales of $551 million for the third quarter ended Sept. 30, 2004. That compared to income of $17.7 million on sales of $519 million for the same period a year ago.