Published on Sep 15, 2016
Shares
of Goodyear Tire & Rubber were higher Thursday as the tire maker
said it would return up to $4 billion to shareholders. The company
increased its quarterly dividend to $0.10 a share, up from $0.07 a
share. The move comes as Goodyear faces activist investor Marcato
Capital Management, according to the Wall Street Journal. Marcato has
pushed the company to return $4.5 billion to investors over the next
three years in a bid to boost Goodyear's stock price, the Journal
reported.
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