Ford Motor Company (NYSE:F) Shareholders to Get $0.15 Quarterly Dividend

Key Points

• Ford declared a quarterly dividend of $0.15 per share, payable December 1 to shareholders of record on November 10. The dividend annualizes to $0.60 per share and represents a 5.0% yield.
• The dividend appears well covered, with a current payout ratio of 45.5%; analysts expect next year’s earnings to support an estimated payout ratio of 31.9%.
• Ford reported quarterly earnings of $0.49 per share, beating estimates of $0.41, while revenue of $49.53 billion slightly exceeded expectations but declined 2.0% year over year. Analysts maintain an overall “Hold” rating with an average price target of $15.36.

Ford Motor Company (NYSE:F - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.15 per share by the auto manufacturer on Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, November 10th.

Ford Motor has raised its dividend by an average of 0.4% annually over the last three years. Ford Motor has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ford Motor to earn $1.88 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 31.9%.

Ford Motor Trading Up 2.0%

Shares of Ford Motor stock opened at $11.95 on Thursday. Ford Motor has a 1 year low of $11.11 and a 1 year high of $17.78. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The company has a market capitalization of $47.63 billion, a P/E ratio of -6.39, a PEG ratio of 0.24 and a beta of 1.93. The company's fifty day moving average is $12.98 and its two-hundred day moving average is $13.38.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.08. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $49.53 billion for the quarter, compared to analyst estimates of $49.08 billion. During the same period in the previous year, the business posted $0.45 earnings per share. Ford Motor's quarterly revenue was down 2.0% on a year-over-year basis. Analysts forecast that Ford Motor will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on F. Dbs Bank raised Ford Motor from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lowered their target price on Ford Motor from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. TD Cowen boosted their target price on Ford Motor from $13.00 to $15.00 and gave the company a "hold" rating in a report on Wednesday, July 29th. Wall Street Zen cut Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Royal Bank Of Canada increased their price target on Ford Motor from $13.00 to $15.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 29th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $15.36.

About Ford Motor

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.

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