Goodyear declares dividend on 5.875% preferred stock

Directors of The Goodyear Tire & Rubber Company have declared the final quarterly dividend on the company’s 5.875 per cent mandatory convertible preferred stock. The preferred stock is subject to mandatory conversion into shares of Goodyear common stock on 1 April 2014. A dividend of US$073.44 per share is payable in cash on 1 April 2014, to shareholders who present the preferred stock for mandatory conversion on that date. The payout represents an annual rate of $2.9375 per share.