Goodyear shareholders will divvy up dividend

June 19, 2012

Goodyear Tire & Rubber Co.'s board of directors declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock for the fourth consecutive quarter.

The dividend is payable July 1, 2012, to shareholders of record on June 15, 2012. It represents an annual rate of $2.9375 per share.

Goodyear posted a net loss of $11 million on record first-quarter net sales of more than $5.5 billion for the fiscal quarter ended March 31, 2012. That compared to income of $103 million on sales of $5.4 billion for the same period in 2011.

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