Ford (F) Pops Higher on Doubled Dividend Declaration
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Ford Motor Co. (NYSE: F) is popping higher in early trading after announcing its next dividend payout would be twice the previous amount.
The upcoming quarterly dividend of 10 percent compares with the prior five cent dividend. Annualized yield jumps to three percent at current market prices.
CFO Bob Shanks commented, "Our ability to double our dividend in one year is a testament to our One Ford plan, which has enabled us to maintain a solid balance sheet, while at the same time growing our business to provide our shareholders with more return on their investments."
For more on the dividend, click here.
Shares are up about three percent early Thursday.
The upcoming quarterly dividend of 10 percent compares with the prior five cent dividend. Annualized yield jumps to three percent at current market prices.
CFO Bob Shanks commented, "Our ability to double our dividend in one year is a testament to our One Ford plan, which has enabled us to maintain a solid balance sheet, while at the same time growing our business to provide our shareholders with more return on their investments."
For more on the dividend, click here.
Shares are up about three percent early Thursday.
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