Bandag declares 1Q dividend
Bandag Inc.'s board of directors declared a regular quarterly dividend of $.325 per share on its common stock, Class A common stock and Class B common stock.
The dividend is payable July 19, 2004, to shareholders of record at the close of business on June 18, 2004.
Bandag's common stock closed at $39.32 a share on the New York Stock Exchange on May 11. That compares to a 52-week high of $51.30 and low of $32.85. Bandag's Class A common stock closed at $35.90 a share vs. a 52-week high of $47.71 and low of $30.19.
Bandag's Class B common stock is unlisted.
Bandag recently reported consolidated net income of $4 million on consolidated net sales of $173.5 million for the first quarter of 2004.