The Goodyear Tire & Rubber Company approved an increase in the company’s quarterly common stock dividend to 7 cents per share from 6 cents per share.
This 17% dividend increase represents an annual rate of 25 cents per share for 2015 and 28 cents per share for 2016.
The board declared the increase effective with the dividend payable December 1, 2015, to shareholders of record on November 2, 2015.
Goodyear is one of the world’s largest tyre companies. It employs approximately 66,000 people and manufactures its products in 49 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.