Goodyear Tire & Rubber Co. (NASDAQ: GT) announces Q3 Results, Stock up 7%

NASDAQ: GTIn a latest updated, Goodyear Tire & Rubber Company (NASDAQ: GT) has reported a decrease in its profit for the Q3. The company’s third quarter 2014 sales were $4.7 billion, compared to $5.0 billion a year ago, while the net income available to common shareholders was $161 million or $0.58 per share as compared to $166 million or $0.62 per share last year.

Furthermore, the Directors have declared a quarterly dividend of 6 cents per share payable December 1, 2014 to shareholders of record on October 31, 2014. The Shareholders, who purchased company stock prior to the ex-dividend date are also eligible for the cash dividend payment, which represents a surge of 20% over the same period a year ago.

The shares of Goodyear Tire & Rubber Co. (NASDAQ: GT) presently trading at $23.35, up 7% as compared to its previous close of $21.85. The stock had made 52-week-high of $28.70 and 52-week-low of $18.87.

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