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

Ford Motor (NYSE:F - Get Free Report) announced a quarterly dividend on Monday, April 28th, RTT News reports. Shareholders 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 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend is Monday, May 12th.

Ford Motor has increased its dividend payment by an average of 44.2% annually over the last three years. Ford Motor has a dividend payout ratio of 45.5% indicating that 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 Stock Performance

Shares of Ford Motor stock traded down $0.21 during trading on Wednesday, hitting $9.94. 79,490,045 shares of the company's stock traded hands, compared to its average volume of 112,274,563. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85. The stock has a market capitalization of $39.40 billion, a P/E ratio of 6.81, a PEG ratio of 0.61 and a beta of 1.41. The business has a 50-day simple moving average of $9.67 and a 200-day simple moving average of $10.10.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on F. Royal Bank of Canada decreased their target price on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Bank of America dropped their target price on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a report on Thursday, February 6th. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday. Citigroup initiated coverage on Ford Motor in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $10.00 price target for the company. Finally, Evercore ISI dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $9.77.

Ford Motor Company Profile

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.