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Titan follows record net income with half-cent dividend

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Titan International Inc.'s board of directors approved a second-quarter dividend of $.005 per share on its common stock. The dividend is payable July 15, 2005, to shareholders of record on June 30, 2005.

Titan's common stock closed at $15.52 a share on the New York Stock Exchange on June 9. That compares to a 52-week high of $15.77 and low of $9.07.

For the first quarter ended March 31, 2005, Titan reported net income of $11.2 million -- a first-quarter record for the company -- on net sales of $136.1 million. That compares to net income of $5.3 million for the same period in 2004.

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