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

Key Points

• Ford announced a quarterly dividend of $0.15 per share, payable March 2 to shareholders of record on February 13, which annualizes to $0.60 and yields about 4.3%.
• The dividend appears sustainable: Ford's current payout ratio is 45.5%, and analysts expect $1.54 in EPS next year—implying an expected payout ratio near 39%, enough to cover the $0.60 annual payout.

Ford Motor Company (NYSE:F - Get Free Report) announced a quarterly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.15 per share by the auto manufacturer on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, February 13th.

Ford Motor has raised its dividend payment by an average of 0.1%annually over the last three years. Ford Motor has a payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Ford Motor to earn $1.54 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 39.0%.

Ford Motor Stock Performance

Shares of NYSE F traded up $0.20 during midday trading on Tuesday, hitting $14.01. 7,378,271 shares of the stock traded hands, compared to its average volume of 61,762,504. The firm has a market capitalization of $55.81 billion, a P/E ratio of 12.03, a PEG ratio of 5.87 and a beta of 1.66. Ford Motor has a one year low of $8.44 and a one year high of $14.50. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The firm has a 50-day moving average of $13.50 and a two-hundred day moving average of $12.52.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen raised Ford Motor from a "hold" rating to a "buy" rating in a research report on Saturday, December 27th. JPMorgan Chase & Co. raised their price objective on shares of Ford Motor from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Wednesday, January 21st. Evercore ISI upped their target price on shares of Ford Motor from $12.00 to $14.00 and gave the company an "in-line" rating in a report on Monday, December 22nd. TD Cowen lifted their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a "hold" rating in a research note on Tuesday, January 13th. Finally, Morgan Stanley upped their price objective on Ford Motor from $11.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.19.

Ford Motor Company Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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