Ford's (F) Mullaly Discusses Prospects for Dividend Increase
Down)
According to comments from Alan Mulally in a recent Seeking Alpha interview, Ford (NYSE: F) could soon become a key dividend stock.
The CEO said there is a possibility of increasing the company's dividend over the next year or two, "...but clearly where we are in the growth cycle worldwide will be a primary consideration."
After a five-year hiatus, Ford declared a quarterly dividend of 5 cents per share in December. At the time the annual yield was about 1.9 percent, but that has now slipped to just 1.6 percent as shares have gained.
Other possible uses of Ford's cash (which tops $16 billion at last check) include "de-risking Ford’s pension plan, and its heavy investment in its manufacturing and its vehicles."
Ford shares are 2.2 percent higher just after the opening bell.
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The CEO said there is a possibility of increasing the company's dividend over the next year or two, "...but clearly where we are in the growth cycle worldwide will be a primary consideration."
After a five-year hiatus, Ford declared a quarterly dividend of 5 cents per share in December. At the time the annual yield was about 1.9 percent, but that has now slipped to just 1.6 percent as shares have gained.
Other possible uses of Ford's cash (which tops $16 billion at last check) include "de-risking Ford’s pension plan, and its heavy investment in its manufacturing and its vehicles."
Ford shares are 2.2 percent higher just after the opening bell.
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