AKRON, Ohio, Oct. 11, 2017 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) announced today that its Board of Directors has approved an increase in the company's quarterly common stock dividend to 14 cents per share from 10 cents per share. This 40 percent dividend increase represents an annual rate of 44 cents per share for 2017 and 56 cents per share for 2018.

The board declared the increase effective with the dividend payable December 1, 2017, to shareholders of record on November 1, 2017.

Goodyear is one of the world's largest tire companies. It employs approximately 65,000 people and manufactures its products in 47 facilities in 21 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/corporate.  GT-FN

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SOURCE The Goodyear Tire & Rubber Company