Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock. The dividend is payable June 30, 2005, to stockholders of record at the close of business June 3, 2005.
The company has now declared a dividend for 133 consecutive quarters.
Cooper Tire's stock price closed at $18.01 on the New York Stock Exchange on Tuesday, May 3. That compares to a 52-week high and low of $23.89 and $16.47, respectively.
Cooper reported a 7% year-over-year increase in net sales during the first quarter of 2005, setting a new first quarter record of $514 million. Net income for the quarter was $5 million.
