Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

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.

Continue reading below

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...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com