Goodyear Tire & Rubber
GTGoodyear Tire & Rubber (GT) is a multinational tire manufacturing company founded in 1898. It specializes in producing tires for various vehicles, including cars, trucks, and aircraft, and is known for its innovation in tire technology and manufacturing. As one of the largest tire companies globally, Goodyear has a significant presence in the automotive industry, providing products for both original equipment and replacement markets.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| March 2, 2020 | $0.16 | 2020-01-31 | 2020-02-03 |
| December 2, 2019 | $0.16 | 2019-10-31 | 2019-11-01 |
| September 3, 2019 | $0.16 | 2019-07-31 | 2019-08-01 |
| June 3, 2019 | $0.16 | 2019-04-30 | 2019-05-01 |
| March 1, 2019 | $0.16 | 2019-01-31 | 2019-02-01 |
Dividends Summary
- Consistent Payer: Goodyear Tire & Rubber has rewarded shareholders with 26 dividend payments over the past 7 years.
- Total Returned Value: Investors who held GT shares during this period received a total of $2.65 per share in dividend income.
- Latest Payout: The most recent dividend of $0.16/share was paid 2329 days ago, on March 2, 2020.
- Yield & Schedule: GT currently pays dividends quarterly with an annual yield of 8.78%.
- Dividend Growth: Since 2013, the dividend payout has grown by 220.0%, from $0.05 to $0.16.
- Dividend Reliability: GT has maintained or increased its dividend for 26 consecutive payments.
Company News
Goodyear Tire & Rubber shares surged 7.1% following a sharp decline in oil prices. The stock benefited from three factors: lower raw material costs (70% of which are oil-based), increased tire replacement demand when gas prices are lower, and improved discretionary spending for lower-income consumers. The stock is now trading in value territory f...
Sean Williams doubled his position in Goodyear Tire & Rubber (GT) between $6.28-$6.50 per share, citing a compelling valuation with a forward P/E of 6 and 37% discount to book value. Despite near-term headwinds from Iran war uncertainties, rising oil prices, and tariffs, the company's turnaround plan initiated in November 2023 has successfully di...
Goodyear Tire & Rubber reported Q4 earnings of 39 cents per share, missing the consensus estimate of 47 cents by 17.89%. Revenue came in at $4.92 billion, beating expectations of $4.84 billion but down from $4.95 billion year-over-year. The stock dropped 6.37% to $9.85 in extended trading following the earnings miss.
With the stock market at historically high valuations (second priciest since 1871), an investor managing a million-dollar portfolio is employing a cautious strategy: holding core positions, increasing cash reserves, selectively buying undervalued stocks, and adding high-dividend stocks. The approach aims to capitalize on potential market dislocat...
U.S. stock futures advanced on Monday following strong October gains, with markets anticipating potential Federal Reserve interest rate cuts and focusing on upcoming earnings reports from several key companies.
