Ford Motor (F) to Issue Quarterly Dividend of $0.15

Ford Motor (NYSE:F) declared a quarterly dividend on Thursday, October 11th, RTT News reports. Shareholders of record on Tuesday, October 23rd will be given a dividend of 0.15 per share by the auto manufacturer on Monday, December 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date is Monday, October 22nd.

Ford Motor has raised its dividend payment by an average of 6.3% per year over the last three years. Ford Motor has a dividend payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ford Motor to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 43.2%.

NYSE F opened at $8.80 on Wednesday. Ford Motor has a 12 month low of $8.55 and a 12 month high of $13.48. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21. The stock has a market capitalization of $36.75 billion, a price-to-earnings ratio of 4.94, a P/E/G ratio of 1.26 and a beta of 0.86.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 25th. The auto manufacturer reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Ford Motor had a net margin of 4.27% and a return on equity of 17.43%. The company had revenue of $35.90 billion during the quarter, compared to analyst estimates of $35.63 billion. During the same period in the previous year, the company earned $0.56 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts predict that Ford Motor will post 1.38 EPS for the current fiscal year.

In other news, Director John C. Lechleiter bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were purchased at an average cost of $9.89 per share, for a total transaction of $98,900.00. Following the completion of the purchase, the director now owns 45,000 shares of the company’s stock, valued at $445,050. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Steven R. Armstrong sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $9.54, for a total transaction of $124,020.00. Following the sale, the vice president now owns 94,527 shares in the company, valued at $901,787.58. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by corporate insiders.

F has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. Barclays reduced their price target on shares of Ford Motor from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 26th. Morgan Stanley reduced their price target on shares of Ford Motor from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 1st. ValuEngine cut shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 5th. Finally, Citigroup reduced their price target on shares of Ford Motor from $10.80 to $10.50 and set a “neutral” rating on the stock in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.11.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

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Dividend History for Ford Motor (NYSE:F)

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