GT - Dividend announcements

Cooper Tire & Rubber Company (NYSE:CTB) today 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 (NASDAQ:GT) 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

Cooper Tire & Rubber Company (NYSE:CTB) today announced that its stockholders overwhelmingly voted to approve the agreement and plan of merger with The Goodyear Tire & Rubber Company (NASDAQ:GT), which was announced Feb. 22, 2021. At a special meeting of Cooper stockholders held today, approximately 99 percent of votes cast were in favor of the transaction. Goodyear is not required to hold a vote of its stockholders to approve the merger agreement. "We are pleased with the strong support of our stockholders for the proposed business combination of Cooper and Goodyear as all proposals related to the acquisition were approved," said John Holland, Cooper Chairman. "This step is an important o

FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire & Rubber Company (NYSE: CTB) today reported full year 2020 net income of $143 million, or diluted earnings per share of $2.83, compared with net income of $96 million, or $1.91 diluted earnings per share, for the prior year. Full Year 2020 Highlights Global unit volume decreased 13.0 percent compared to the prior year. Net sales were $2.52 billion compared to $2.75 billion the prior year. Operating profit was $231 million, or 9.2 percent of net sales, compared to $174 million, or 6.3 percent of net sales, in 2019. Fourth Quarter Highlights Global unit volume decreased 9.8 percent compared to the fourth quarter of 2019. Net