Official: Ford reinstates dividend, first one in half-decade

Filed under: Ford, Earnings/Financials

In another sign of its success, Ford has announced that it will be paying out a quarterly dividend, the first time it will do so in over five years. The five-cents-a-share dividend will begin on March 1, 2012.

According to The Detroit Free Press, the move will cost Ford about $200 million per quarter. Ford is the first Detroit carmaker to pay a dividend on common stock since General Motors suspended its dividend in 2008. GM has been paying dividends on preferred stock this year.

Ford's stock remains just below investment grade, but Ford officials think resuming paying a dividend should help signal the company's financial strength.

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Ford reinstates dividend, first one in half-decade originally appeared on Autoblog on Thu, 08 Dec 2011 15:29:00 EST. Please see our terms for use of feeds.

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Source: http://www.autoblog.com/2011/12/08/ford-reinstates-dividend-first-one-in-half-decade/

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