Mass. Movers

Goodyear to pay first dividend since 2002

Goodyear makes the official tire of NASCAR.

Tom Pennington/Getty Images

Goodyear makes the official tire of NASCAR.


Goodyear Tire & Rubber Co. is reinstating its quarterly dividend after more than a decade. It is also starting a buyback of up to $100 million. The company, which says it is the number one tire maker in North America, last paid a dividend on its common stock in December 2002. It declared a dividend of 5 cents per share to be paid on Dec. 1 to shareholders of record on Nov. 1. Future dividends will be subject to board approval. Goodyear makes its products in 52 facilities in 22 countries.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.