AKRON, Ohio, June 3, 2011 /PRNewswire/ -- Directors of The Goodyear Tire & Rubber Company (NYSE: GT) today declared a quarterly dividend of 74.25 cents per share of mandatory convertible preferred stock. The dividend is payable July 1, 2011, to shareholders of record on June 15, 2011.  The payout represents an annual rate of $2.9375 per share.

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Goodyear is one of the world's largest tire companies.  It employs approximately 72,000 people and manufactures its products in 55 facilities in 22 countries around the world.  Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.  For more information about Goodyear and its products, go to www.goodyear.com.

SOURCE The Goodyear Tire & Rubber Company