Cooper decides to pay 10.5 cents per share

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Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock, payable Sept. 26, 2014. The dividend will be payable to all stockholders of record at the close of business on Sept. 2, 2014.

Cooper says this marks the 170th consecutive quarterly dividend paid by the Findley, Ohio-based tire maker. The last time it failed to offer a dividend was the fourth quarter of 1971.

Cooper reported net income of $38.2 million on net sales of $888.7 million for the second quarter ended June 30, 2014.

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