Cooper Tire & Rubber Company stock price today and history
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Cooper Tire & Rubber Company stock price
Cooper Tire & Rubber Company latest news:
Goodyear Tire's stock rallies after 40% dividend hike
Shares of Goodyear Tire & Rubber Co. rallied 2% in premarket trade Wednesday, after the tire maker announced a 40% increase in its quarterly dividend. The new dividend of 14 cents a share, up from 10 cents a share, will be payable Dec. 1 to shareholders of record on Nov. 1. Based on Tuesday's closing price of $33.02, the new annual dividend rate would imply a dividend yield of 1.70%, compared with the implied yield for rival Cooper Tire & Rubber Co. of 1.15% for the S&P 500 of 1.95%. Goodyear's stock has shed 8.0% over the past three months, while the S&P 500 has gained 5.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.