AKRON (April 15, 2015) — Goodyear's directors have declared a quarterly dividend of 6 cents per share of common stock.
The dividend is payable June 1 to shareholders of record on May 1. The payout represents an annual rate of 24 cents per share, according to the Akron-based tire maker.
At its annual shareholder meeting in Akron on April 13, Goodyear's management told shareholders the company is targeting long-term growth through “a balanced approach of investing in our business and carefully managing costs.” Chairman and CEO Richard Kramer said the tire maker achieved record annual segment operating income of $1.7 billion — an 8-percent increase over 2013 — and generated $1 billion of free cash flow from operations.