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Bandag announces 2Q dividend

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For the fourth consecutive quarter, 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 Oct. 20, 2005, to shareholders of record at the close of business on Sept. 20, 2005.

Bandag's common stock closed at $43.31 a share on the New York Stock Exchange on Aug 23. That compares to a 52-week high of $50.83 and low of $42.51. Bandag's Class A common stock closed at $37.60 a share versus a 52-week high of $46.69 and low of $37.12.

Bandag's Class B common stock is unlisted.

For the second quarter ended June 30, 2005, Bandag Inc. posted consolidated net earnings of $12.7 million on consolidated net sales of $227.3 million.

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