Ford Motor (NYSE:F) Plans $0.15 Quarterly Dividend

Ford Motor (NYSE:F - Get Free Report) declared a quarterly dividend on Monday, April 28th, RTT News reports. Stockholders of record on Monday, May 12th will be paid a dividend of 0.15 per share by the auto manufacturer on Monday, June 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend is Monday, May 12th.

Ford Motor has raised its dividend payment by an average of 44.2% annually over the last three years. Ford Motor has a dividend payout ratio of 46.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

F traded up $0.10 during trading on Friday, reaching $10.28. 82,189,367 shares of the company were exchanged, compared to its average volume of 73,590,649. The company's 50-day moving average is $9.72 and its two-hundred day moving average is $10.09. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85. The company has a market cap of $40.74 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on F. UBS Group cut their target price on Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. TD Cowen initiated coverage on Ford Motor in a research report on Friday, March 7th. They set a "hold" rating and a $10.00 price objective for the company. Citigroup began coverage on shares of Ford Motor in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $10.00 price objective on the stock. Finally, BNP Paribas raised shares of Ford Motor to a "hold" rating in a research report on Monday, February 10th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.83.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.