Goodyear declares dividend on preferred stock
ERJ staff report (BC)
Akron, Ohio – Directors of The Goodyear Tire & Rubber Company have declared the final quarterly dividend on the company’s 5.875 percent mandatory convertible preferred stock. The preferred stock is subject to mandatory conversion into shares of Goodyear common stock on 1 April.
A dividend of 73.44 cents per share is payable in cash on April 1, 2014, to shareholders who present the preferred stock for mandatory conversion on that date. The payout represents an annual rate of $2.9375 (€2.12) per share.