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COOPER TIRE DECLARES INCREASED QUARTERLY DIVIDEND

 COOPER TIRE DECLARES INCREASED QUARTERLY DIVIDEND
 FINDLAY, Ohio, May 5 /PRNewswire/ -- The board of directors of


Cooper Tire & Rubber Company (NYSE: CTB), at a meeting last evening, has declared an increased dividend of nine cents per share, payable June 30, 1992 to holders of shares outstanding on the record date of June 5, 1992.
 The declared dividend represents an increase of 28.6 percent over the previous dividend of seven cents which was paid in each of the prior three quarters.
 In announcing the increased dividend, Ivan W. Gorr, chairman of the board, stated, "Cooper Tire & Rubber Company's earnings are strong, operations are excellent and the prospects for continued growth remain very promising. The directors approved the increased dividend based on our success and performance." Cooper Tire earnings for the first quarter of 1992 amounted to 49 cents per share versus 30 cents in the same period of 1991.
 The new dividend rate amounts to 36 cents per share on an annualized basis. Yearly dividend payments have been increased each year since 1979, and the company has paid dividends to its stockholders every year since 1950.
 The annual meeting of Cooper Tire & Rubber Company stockholders will take place today at 10 a.m. EST in Findlay, Ohio.
 -0- 5/5/92
 /CONTACT: J. Alec Reinhardt of Cooper Tire & Rubber Company, 419-423-1321/
 (CTB) CO: Cooper Tire & Rubber Company ST: Ohio IN: AUT SU: DIV


KK -- CL003 -- 6345 05/05/92 07:55 EDT
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Publication:PR Newswire
Date:May 5, 1992
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