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Ho hum: another quarter, another Titan dividend

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The board of directors of Titan International Inc. has approved a quarterly cash dividend of one-half cent per common share for the fourth quarter of 2010. It is the 39th consecutive quarter that Titan has approved a one-half cent dividend.

The cash dividend is payable Jan. 14, 2011, to stockholders of record on Dec. 31, 2010.

Titan International posted net income of $4 million on sales of $222.8 million during the third quarter of this year. That compared to a loss of $11.1 million on sales of $141.5 million during the same period in 2009.

Titan recorded a net loss of $24.6 million on sales of  $727.6 million for fiscal 2009.

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