Bandag announces dividend
For the third 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 July 20, 2005, to shareholders of record at the close of business on June 20, 2005.
Bandag's common stock closed at $43.43 a share on the New York Stock Exchange on May 3. That compares to a 52-week high of $50.83 and low of $38.32. Bandag's Class A common stock closed at $39 a share versus a 52-week high of $46.69 and low of $35.38.
Bandag's Class B common stock is unlisted.
For the first quarter ended March 31, 2005, Bandag's consolidated net sales totaled $186.6 million, a $13 million increase over the same period in 2004. Consolidated net earnings were $6 million.