Cooper to Issue Quarterly Dividend

Cooper has announced that it will once again be issuing its shareholders with a quarterly dividend of 10.5 cents. This will be the 148th consecutive quarter in which the company will be making this openhanded display to its shareholders. Considering current market conditions the continuation of the 10.5 cents payment – a figure first reported on Tyrepress.com in June 2002 – shows Cooper’s determination to project an image of business proceeding as normal throughout the downturn.

The dividend will become payable on common stock at close of business on 31 March, 2009, while stockholders of record will receive their payment at stumps on 9 March.