Titan OKs a half-cent dividend for 3Q
The board of directors of Titan International Inc. has approved a quarterly cash dividend of $.005 (one-half cent) per common share for the third quarter of 2014. The cash dividend is payable Wednesday, Oct. 15, 2014, to stockholders of record on Tuesday, Sept. 30, 2014.
It is the third consecutive quarterly dividend issued by the company. Titan's board also approved a one-half cent dividend for the second quarter of 2014.
Titan posted a net loss of $20.5 million on net sales of $523.7 million for the its second quarter ended June 30, 2014. That compares to net income of $23.2 million on sales of $593.3 million for 2Q 2013.
For more information on Titan and its products, visit www.titan-intl.com.