Quantcast


Last updated: September 20. 2013 9:37AM - 194 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) Goodyear Tire & Rubber Co. is reinstating its quarterly dividend after more than a decade. It is also starting a buyback of up to $100 million.


The tire company last paid a dividend on its common stock in December 2002.


Shares climbed in premarket trading on Friday.


Goodyear is declaring a dividend of 5 cents per share. The dividend will be paid on Dec. 1 to shareholders of record on Nov. 1. Future dividends will be subject to board approval.


The company also said that it anticipates positive cash flow through 2016, excluding prefunding its pension.


Goodyear, based in Akron, Ohio, has 52 facilities in 22 countries. Its shares gained $1.09, or 4.9 percent, to $23.32 before the market open.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com