Cooper Tire & Rubber Co (NYSE:CTB) Plans Quarterly Dividend of $0.11

Cooper Tire & Rubber Co (NYSE:CTB) announced a quarterly dividend on Friday, February 16th, RTT News reports. Shareholders of record on Thursday, March 1st will be given a dividend of 0.105 per share on Thursday, March 29th. This represents a $0.42 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, February 28th.

Cooper Tire & Rubber has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cooper Tire & Rubber to earn $3.67 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 11.4%.

Cooper Tire & Rubber (CTB) opened at $30.75 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. Cooper Tire & Rubber has a twelve month low of $30.55 and a twelve month high of $44.50. The stock has a market capitalization of $1,638.23, a PE ratio of 10.40 and a beta of 0.38.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.12). The company had revenue of $757.04 million during the quarter, compared to the consensus estimate of $750.97 million. Cooper Tire & Rubber had a return on equity of 13.71% and a net margin of 3.34%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 earnings per share. equities analysts forecast that Cooper Tire & Rubber will post 3.13 earnings per share for the current year.

In other Cooper Tire & Rubber news, Director Robert D. Welding purchased 1,500 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average price of $32.30 per share, with a total value of $48,450.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at $96,900. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.74% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on CTB. Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, February 22nd. ValuEngine lowered Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. B. Riley reiterated a “buy” rating and issued a $50.00 price target on shares of Cooper Tire & Rubber in a research note on Monday, December 11th. Longbow Research lowered Cooper Tire & Rubber from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Tuesday. Finally, Northcoast Research upgraded Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $43.63.

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About Cooper Tire & Rubber

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

Dividend History for Cooper Tire & Rubber (NYSE:CTB)

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