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Goodyear Raises Dividend

7 October 1997

Goodyear Raises Dividend

    AKRON, Ohio, Oct. 7 -- Directors of The Goodyear Tire &
Rubber Company today declared a quarterly dividend and voted to increase it by
more than 7 percent from 28 cents a share to 30 cents a share.  The dividend
is payable Dec. 15 to shareholders of record Nov. 17.
    The new payout, which represents an annual rate of $1.20 per share, is the
highest level in the company's history on a post-stock-split basis.
    Goodyear's last dividend increase occurred in November 1996.

SOURCE  The Goodyear Tire & Rubber Company