Friday, September 19th21.4°C
19716
22754

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

21196


Recent Trending




Today's Market
S&P TSX15276.64-188.90
S&P CDNX956.92-8.87
DJIA17291.6625.67
Nasdaq4575.354-18.071
S&P 5002010.58-0.78
CDN Dollar0.9117-0.0027
Gold1215.40-11.50
Oil92.10-0.97
Lumber329.60-0.30
Natural Gas3.908-0.067

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.40+0.08
Cantex0.060.00
Anavex Life Sciences0.224-0.0021
Metalex Ventures0.060.00
Russel Metals35.88-1.13
Copper Mountain Mining2.61-0.07
Colorado Resources0.165-0.01
ReliaBrand Inc0.024-0.003
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.300.00

 



21097

FEATURED Property
2053737980 Skyline Road
4 bedrooms 3 baths
$425,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...

_








Member of BC Press Council


22267