Goodyear Tire & Rubber Company (The) -- Moody's says Goodyear's shareholder return strategy does not impact positive outlook

New York, May 29, 2014 -- Moody's Investors Service said the announcement by The Goodyear Tire & Rubber Company (Goodyear) that it will increase its quarterly common stock dividend to $0.06 per share from $0.05 per share and increase its share repurchase program to $450 million from $100 million during 2014-2016 are credit negative events. However, the company's Ba3 Corporate Family Rating, Speculative Grade Liquidity Rating at SGL-2, and positive outlook are unaffected. For further information, please see Goodyear 's issuer comment dated May 29, 2014 at www.moodys.com.

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