FINDLAY, Ohio — Cooper Tire & Rubber Co. will be awarding a quarterly dividend of 10.5 cents per share on common stock, payable September 25 to stockholders of record at the close of business Sept 1, 2020.
Cooper said it marks the 194th consecutive quarterly dividend paid by the tire maker.
Cooper reported operating and net losses in the quarter ended March 31 as sales fell 14.1% to $532 million.
In its Q2 financial report, Cooper recently reported an 83.2% drop in operating income in the quarter on 29.6% lower sales, results attributed to the implosion of economic activity due to the global pandemic.