Ford Doubles Dividend (F)

Automobile manufacturer, Ford Motor Company(F) announced on Thursday that they have doubled their dividend.

The company is now offering a dividend of 10 cents quarterly, doubling from its previous 5 cent quarterly dividend.

Fords CFO Bob Shanks commented, “our ability to double our dividend in one year is a testament to our One Ford plan, which has enabled us to maintain a solid balance sheet, while at the same time growing our business to provide our shareholders with more return on their investments.”

Ford shares were up 40 cents, or 2.97% during premarket trading Thursday. The stock has increased 15% in the past year.

The Bottom Line
Shares of Ford (F) will now have a 2.97% dividend yield, based on the higher dividend payout and last night’s closing stock price of $13.47. The stock has technical support in the $11.50 price area. If the shares can firm up, we see overhead resistance around the $14-$15 price levels.

Ford Motor Company(F) is no recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here