The board of directors of Bandag Inc. Tuesday declared an increase in the regular quarterly dividend from $.325 per share to $.33 per share

on the class A common stock and class B common stock payable January 20, 2005 to shareholders of record at the close of business on Dec. 20, 2004.
Bandag manufactures retreading materials and equipment for its worldwide network of more than 1,000 franchised dealers that produce and market retread tires and provide tire management services.