As per The Goodyear Tire & Rubber Company (NASDAQ:GT)’s news release on 2016-07-13, its shareholders will get cash dividend of $0.07 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-01 and 2016-09-01, respectively.
The stock will commence trading ex-dividend from 2016-07-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year The Goodyear Tire & Rubber Company (NASDAQ:GT) disbursed $0.07 in dividend compared to distribution of $0.07, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 13.6364%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated The Goodyear Tire & Rubber Company (NASDAQ:GT) to attain a price target of $32.2. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $41. The low price range is set at $20 for next year while the arithmetic mean is seen at 2.4.
Eyeing Earnings The Goodyear Tire & Rubber Company (NASDAQ:GT) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.17 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, The Goodyear Tire & Rubber Company (NASDAQ:GT) earnings came at $1.16 suggesting a deviation of $0.12. The brokerages targeted EPS of $1.04 for the quarter.
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