The Goodyear Tire & Rubber Company (GT - Free Report) announced that its board approved a 14.3% increase in its quarterly cash dividend on common stock to 16 cents per share. The earlier payout was 14 cents per share. The dividend hike represents an annual rate of 58 cents per share for 2018, while for 2019 the rate is 64 cents. The revised dividend will be paid on Dec 3 to shareholders of record as of Nov 1, 2018.
Prior to this hike, Goodyear’s board approved a dividend hike of 40% to 14 cents per share in October 2017. In subsequent quarters, the same amount was paid to shareholders.
The company pays regular dividends and engages in share buyback programs to return value to shareholders. In the last reported quarter, it repurchased 3 million shares for $75 million under the previously announced $2.1-billion share repurchase program. Moreover, the company aims to make a capital deployment of $3.5-$4 billion from 2017 and 2020.
Goodyear is a leading tire manufacturing company, which offers products under various brands across the globe. It manufactures tires at its 48 facilities, which are spread across 22 countries around the world.
A few other stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Advance Auto Parts, Inc. (AAP - Free Report) and AB Volvo (VLVLY - Free Report) . The long-term growth rate of Allison Transmission, Advance Auto and Volvo are 10%, 12.3% and 15%, respectively.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The Goodyear Tire & Rubber Company (GT - Free Report) announced that its board approved a 14.3% increase in its quarterly cash dividend on common stock to 16 cents per share. The earlier payout was 14 cents per share. The dividend hike represents an annual rate of 58 cents per share for 2018, while for 2019 the rate is 64 cents. The revised dividend will be paid on Dec 3 to shareholders of record as of Nov 1, 2018.
Prior to this hike, Goodyear’s board approved a dividend hike of 40% to 14 cents per share in October 2017. In subsequent quarters, the same amount was paid to shareholders.
The company pays regular dividends and engages in share buyback programs to return value to shareholders. In the last reported quarter, it repurchased 3 million shares for $75 million under the previously announced $2.1-billion share repurchase program. Moreover, the company aims to make a capital deployment of $3.5-$4 billion from 2017 and 2020.
Goodyear is a leading tire manufacturing company, which offers products under various brands across the globe. It manufactures tires at its 48 facilities, which are spread across 22 countries around the world.
A few other stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Advance Auto Parts, Inc. (AAP - Free Report) and AB Volvo (VLVLY - Free Report) . The long-term growth rate of Allison Transmission, Advance Auto and Volvo are 10%, 12.3% and 15%, respectively.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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