Titan approves half-cent dividend
Titan International Inc.´s board of directors approved a quarterly dividend of $.005 per share on its common stock. The dividend is payable Oct. 15, 2004, to shareholders of record on Sept. 30, 2004.
Titan´s common stock closed at $9.79 a share on the New York Stock Exchange on Sept. 9. That compares to a 52-week high of $12.30 and low of $1.32.
Titan reported net income of $5.6 million on net sales of $121.1 million for the second quarter of 2004. For the first half, Titan´s net sales were $288.2 million vs. $260 million during the first six months of 2003.