GOODYEAR TIRE & RUBBER CO. $22.44 (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (330-796-2122; www.goodyear.com; Shares outstanding: 246.0 million; Market cap: $5.5 billion; Dividend yield: 0.9%) will resume paying dividends with a quarterly payment of $0.05 a share in December 2013. That gives the stock a 0.9% yield, based on today’s price. The company last paid a dividend in December 2002.
The tire maker has also announced a $100-million share buyback plan, which it will mainly use to offset any potential share dilution caused by equity compensation programs for its employees.
The company is selling more tires in emerging markets in Latin America and Asia, while cost cuts and falling rubber prices are helping boost its profits.
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Privacy Policy and Terms of Use
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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