Bandag increases quarterly dividend
Bandag Inc.´s board of directors declared a regular quarterly dividend of $.33 per share on its common stock, Class A common stock and Class B common stock. The dividend is payable Jan. 20, 2005, to shareholders of record at the close of business on Dec. 20, 2004.
Each of the previous four quarters, Bandag declared a quarterly dividend of $.325 per share.
Bandag´s common stock closed at $48.25 a share on the New York Stock Exchange on Nov. 8. That compares to a 52-week high of $51.30 and low of $37.74. Bandag´s Class A common stock closed at $43.90 a share vs. a 52-week high of $47.71 and low of $33.35.
Bandag´s Class B common stock is unlisted.
Bandag recently reported consolidated net earnings of $20.1 million on consolidated net sales of $236.8 million for the third quarter ended Sept. 30, 2004.