Ford Reinstates Quarterly Dividend; Will Yield 1.8% (F)

By
A A A
Share |

Famous automaker Ford Motor Company ( F ) on Thursday announced its board of director has approved a plan to reinstate its quarterly dividend payout, following a five-year hiatus.

The move follows an announcement bank in June that the company could resume dividend payouts in the near term. Ford had suspended its payouts in 2006 in an effort to conserve cash and convince its creditors that it was serious about overhauling its business.

The new dividend of 5 cents per share will be paid on March 1, 2012, to shareholders of record as of Jan. 31, 2012.

Ford shares, which were halted prior to the announcement, were mostly flat in early afternoon trading Thursday.

The Bottom Line
While not so bullish at the onset of our coverage, the company is certainly a brand we will have on our radar moving forward from a dividend perspective. Based on last night's closing stock price of $11.08, the company will have a 1.81% dividend yield. The stock has technical support in the $9 price area. If the shares can firm up, we see overhead resistance around the $12-$13 price levels.

Ford Motor Company ( F ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: F , FORD

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

How to Save Money at Bars
How to Save Money at Bars           

Stocks

Referenced

83%
100%

Most Active by Volume

44,823,339
  • $75.19 ▲ 0.28%
43,744,171
  • $3.44 ▼ 0.29%
42,340,022
  • $97.671 ▲ 0.66%
34,178,145
  • $17.62 ▼ 1.23%
34,028,998
  • $15.59 ▼ 0.19%
32,055,708
  • $21.23 ▼ 2.41%
31,539,235
  • $3.76 ▲ 0.80%
30,434,619
    $34.25 unch
As of 7/25/2014, 04:03 PM