Titan International Inc (NYSE:TWI) announced a quarterly dividend on Monday, September 9th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.005 per share by the industrial products company on Tuesday, October 15th. This represents a $0.02 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, September 27th.

Titan International has a payout ratio of 8.7% meaning its dividend is sufficiently covered by earnings.

Titan International stock traded up $0.10 during mid-day trading on Wednesday, hitting $2.95. 32,217 shares of the stock were exchanged, compared to its average volume of 407,448. The company has a quick ratio of 1.02, a current ratio of 2.00 and a debt-to-equity ratio of 1.55. Titan International has a 12 month low of $2.32 and a 12 month high of $8.40. The firm’s fifty day simple moving average is $2.95 and its two-hundred day simple moving average is $4.72. The stock has a market capitalization of $158.84 million, a price-to-earnings ratio of 10.93 and a beta of 2.17.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.25). Titan International had a negative net margin of 1.31% and a negative return on equity of 5.32%. The firm had revenue of $390.60 million during the quarter, compared to the consensus estimate of $440.38 million. During the same period in the prior year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, analysts forecast that Titan International will post -0.22 earnings per share for the current fiscal year.

In other news, Director Maurice M. Taylor, Jr. bought 13,805 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $3.02 per share, with a total value of $41,691.10. Following the completion of the transaction, the director now directly owns 702,889 shares of the company’s stock, valued at $2,122,724.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maurice M. Taylor, Jr. bought 139,214 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $3.04 per share, for a total transaction of $423,210.56. Following the completion of the acquisition, the director now owns 619,477 shares in the company, valued at $1,883,210.08. The disclosure for this purchase can be found here. Insiders bought a total of 171,589 shares of company stock valued at $520,055 in the last quarter. 17.80% of the stock is currently owned by company insiders.

TWI has been the topic of a number of research analyst reports. ValuEngine raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research downgraded Titan International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. TheStreet downgraded Titan International from a “c-” rating to a “d+” rating in a research note on Friday, August 2nd. Finally, Sidoti set a $8.00 target price on Titan International and gave the company a “buy” rating in a research report on Wednesday, June 26th.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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Dividend History for Titan International (NYSE:TWI)

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