Cooper Tire & Rubber Company declares 197th consecutive quarterly dividend
Findlay, OH – Cooper Tire & Rubber Company announced a quarterly dividend of 10.5 cents per share on common stock payable June 24, 2021 to stockholders of record at the close of business May 27, 2021.
The dividend, which is the 197th consecutive quarterly dividend from Cooper, will be paid in the event that the closing of the proposed merger with The Goodyear Tire & Rubber Company occurs after the dividend record date of May 27, 2021. If the proposed merger closes on or prior to that date, the dividend will not be paid.
As previously announced, Cooper stockholders, on April 30, 2021, voted to approve the agreement and plan of merger with Goodyear. The companies continue to work toward closing the transaction, which is expected to be completed in the second half of 2021. However, the transaction could close earlier, following and