Friday, October 9th18.1°C

Ford raises quarterly dividend 25 per cent to 12.5 cents per share

DEARBORN, Mich. - Ford Motor Co. is raising the quarterly dividend it pays shareholders for the second time since restoring the payout in 2012.

The second-largest U.S. automaker said Thursday its board declared a first-quarter dividend of 12.5 cents per share, a 25 per cent increase from the previous 10-cent payout. The new dividend is payable on March 3 to shareholders of record at the close of business on Jan. 31.

Dearborn-based Ford stopped paying a dividend in 2006, a year in which it lost $12.6 billion. After a restructuring, it returned to profitability in 2009. Ford restored its quarterly dividend at 5 cents per share in the first quarter of 2012 and doubled that dividend a year later.

The announcement comes a few days after CEO Alan Mulally said he planned to stay with the automaker at least through the end of this year. Mulally was rumoured to be in the running to become Microsoft Corp.'s next CEO.

Ford shares rose 27 cents, or 1.7 per cent, to $15.81 in late morning trading.

The largest U.S. automaker, General Motors Co., hasn't paid a dividend since 2008. But CEO Dan Akerson recently hinted one is coming soon.

Akerson told reporters last month that since GM has retired preferred stock that carried high dividend rates and payments, it now has enough money to maintain capital spending and reward shareholders.

The Canadian Press

Read more Business News


Recent Trending

Today's Market
S&P TSX13984.06+5.40
S&P CDNX552.52+5.46
S&P 5002014.94+1.51
CDN Dollar0.7730+0.0046
Natural Gas2.521+0.023

Okanagan Companies
Pacific Safety0.225-0.005
QHR Technologies Inc1.25+0.02
Metalex Ventures0.06+0.01
Russel Metals21.23-0.32
Copper Mountain Mining0.66+0.05
Colorado Resources0.07+0.00
ReliaBrand Inc0.0194+0.0028
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.075-0.005
Decisive Dividend Corp3.25+0.14
Diamcor Mining0.97+0.03



23441406239 Renfrew Road
7 bedrooms 10 baths
more details
Click here to feature your property
Please wait... loading

Income for life?

Photo: Thinkstock.comIn almost every conversation I have with clients these days, the topic swings to interest rates. What direction they’re going, how long will they stay where they are and how...

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...


Member of BC Press Council