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Titan approves half-cent dividend for 1Q 2010

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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 first quarter of 2010. It is the 36th consecutive quarter that Titan has approved a one-half cent dividend.

The cash dividend is payable April 15, 2010, to stockholders of record on March 31, 2010.

Titan International recorded a net loss of nearly $26.5 million on sales of $146.5 million for the fourth quarter of 2009. For the fiscal year, Titan posted a net loss of $24.6 million on sales of  $727.6 million.

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