Recent news shows that is very unlikely. GT is about to borrow or issue more stock to fund over 1 billion in pension underfunding so it can freeze hourly pensions! If an investor wants dividends they would be better off buying the ETF.......-DVY-..or ...DLN....or hundreds of other companies that have a solid balance sheet.......IMO.. this one didn't get kicked out of the Dow 30 for no reason!
GT has high debt levels which can restrict cash flows. Dividends will come later when the company pays down debt, offers more equity, and generates a consistent high level of cash flow to cushion recessionary times. Dividends can be created by you, however, very easily...if you want a 2% yield just sell 2% of your shares. Its the same concept as a dividend because you get some of the present value of a company up front. Then, if you want more shares, buy back with proceeds of the share sales. Other than transaction costs and taxes, it makes no difference as you get a dividend and have the original amount of shares... yes, you pay for a pacifier.