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.
Read more Business News
- Flooding washes out roads in Montana World
- Lost snowmobiler was full of lifeVernon / N. Okanagan
- Buskers festival remains on radarKelowna
- Harvesting rain water in the OkanaganPenticton / S. Okanagan
|QHR Technologies Inc||1.19||+0.01|
|Anavex Life Sciences||0.54||+0.12|
|Copper Mountain Mining||2.14||-0.06|
|Sunrise Resources Ltd||0.03||-0.005|
|Mission Ready Services||0.275||-0.02|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...