dividend Archives - Page 8 of 12 - Tyrepress

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Privatisation of Bridgestone Australia Approved

Following a AUD$50 million (£20.5 million) deal approved by shareholders on March 20, Bridgestone Australia is set to become a private company. At present minority shareholders hold about 14.5 million Bridgestone Australia shares, while Bridgestone Corporation possesses more than 22 million shares, or 60.3 per cent. Bridgestone Corporation intends to offer minority shareholders AUD$3.40 (£1.40) a share, comprising of a return of capital of 50 cents and a fully franked dividend of $2.90. Following the buyout Bridgestone will be delisted from the Australian Stock Exchange on May 30, 2007.

20th March 2007/by Tyrepress Editors

Bandag Announces Quarterly Dividend

(Akron/Tire Review) Bandag Inc. announced a regular quarterly dividend of US$0.34 per share on common stock and class-A common stock. The dividend is payable April 20 to shareholders of record at the close of business on March 27.

15th March 2007/by Tyrepress Editors

Continental Boosts Profits in 2006

Continental AG has announced that its 2006 sales and earning figures have, for the fifth time in a row, outperformed the previous year’s figures. The company’s Passenger and Light Truck Tires division increased its sales to 4,693.6 million euros (£3,156.5), up 5.6 per cent compared with 2005. Conti’s executive board chairman and person in charge of the division, Manfred Wennemer, said “In view of various negative impacts, particularly the 169 million euro increase in raw material costs, we have done a really good job, also in comparison with our competitors.” Sales volume was slightly higher than in 2005, with 106.3 million tyres sold.

22nd February 2007/by Tyrepress Editors

Warm Weather Affects Canadian Tire

Fuel and garage product retailer has blamed losses at its gasoline bars and an unseasonably warm Eastern Canadian winter for melting its fourth-quarter earnings by 8.4 per cent.

9th February 2007/by Tyrepress Editors

Bridgestone Profits Plummet in Australia

Bridgestone Australia has reported a 72 per cent drop in annual net profit, and has warned of another tough year ahead of it. This bleak news comes only a month after parent company Bridgestone Corporation disclosed its intention to buy back the publicly listed Australian operation.

22nd January 2007/by Tyrepress Editors

Conti Considers Price and Dividend Increase

Continental AG Chief Executive Manfred Wennemer, has admitted that Conti is considering paying larger dividends and also giving out a special dividend for the 2006 business year in order to reduce its cash reserves.
Mr. Wennemer, when interviewed by the Sueddeutsche Zeitung, also stated that Conti will increase the price of its replacement tyres early in 2007. Any new OEM business the company acquires in Europe will also be charged at a higher rate.

20th December 2006/by Tyrepress Editors

Bridgestone Australia Says G’day to Proposed Buyback

After more than half a century as a publicly listed company, Bridgestone Australia Ltd looks set to privatise its operations. Bridgestone Australia directors have announced an AUD$50 million (£20 million) buyback of the minority of shares not already owned by Bridgestone Corporation. If shareholders approve the transaction, Bridgestone Australia will become a wholly owned subsidiary of the parent company.

12th December 2006/by Tyrepress Editors

Cooper Announces Dividend

Cooper Tire & Rubber will pay out a quarterly dividend of 10.5 cents per share on common stock (payable 29 December 2006) to stockholders of record at the close of business 1 December 2006. This will mark the 139th consecutive quarterly dividend paid by Cooper Tire & Rubber Company.

13th November 2006/by Tyrepress Editors

Bandag Adopts Shareholder Rights Plan

(Akron/Tire Review) Bandag Inc.’s board of directors adopted a shareholder rights plan ”designed to enable shareholders to realize the full long-term value of their investment and to provide for fair and equal treatment for all shareholders in the event that an unsolicited attempt is made to acquire the company,” Bandag said.

23rd August 2006/by Tyrepress Editors

Cooper Announces 137th Quarterly Dividend

(Akron/Tire Review) Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock, payable on 30 June to stockholders of record at the close of business on 2 June. This is Cooper’s 137th consecutive quarterly dividend.

3rd May 2006/by Tyrepress Editors

Nokian Tyres AGM

Nokian Tyres Annual General Meeting accepted the profit and loss statement for 2005 and discharged the Board of Directors and the President from liability. A decision was made on a dividend of 0.23 euros per share. The matching date will be 11 April 2006 and the payment date 20 April 2006.

7th April 2006/by Tyrepress Editors

Titan International Announces 1Q Dividend

Titan International’s board of directors has approved a quarterly cash dividend of $.005 (one half cent) per common share for the first quarter of 2006. The cash dividend is payable 17 April 2006, to stockholders of record on 31 March 2006.

16th March 2006/by Tyrepress Editors

Cooper Declares 136th Straight Dividend

(Akron/Tire Review) Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock. It is the company’s 136th consecutive quarterly dividend.

16th February 2006/by Tyrepress Editors

Titan Announces Fourth Quarter Dividend

The Board of Directors of Titan International, Inc has approved a quarterly cash dividend of $.005 (one half cent) per common share for the fourth quarter of 2005. The cash dividend is payable 13 January 2006, to stockholders of record on 30 December 2005.

16th December 2005/by Tyrepress Editors

Cooper Announces 135th Consecutive Quarterly Dividend

(Akron/Tire Review) Cooper Tire & Rubber Co announced a quarterly dividend of 10.5 cents per share on common stock, payable 30 December to stockholders at the close of business on 2 December. According to Cooper, this is its 135th consecutive quarterly dividend.

21st November 2005/by Tyrepress Editors