Ford Motor Company (F) Declares Quarterly Dividend of $0.15
Ford Motor Company (NYSE:F) announced a quarterly dividend on Thursday, October 12th, RTT News reports. Stockholders of record on Monday, October 23rd will be paid a dividend of 0.15 per share by the auto manufacturer on Friday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 4.95%.
Ford Motor has raised its dividend by an average of 14.5% per year over the last three years. Ford Motor has a dividend payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ford Motor to earn $1.53 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 39.2%.
Ford Motor (NYSE:F) traded down 2.10% on Thursday, reaching $12.12. 46,000,157 shares of the company were exchanged. The company’s 50-day moving average price is $11.64 and its 200-day moving average price is $11.30. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.27. The stock has a market capitalization of $48.14 billion, a P/E ratio of 12.76 and a beta of 1.12.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. Ford Motor’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. Equities research analysts anticipate that Ford Motor will post $1.75 earnings per share for the current fiscal year.
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F has been the subject of a number of recent research reports. Bank of America Corporation restated a “buy” rating and set a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Guggenheim initiated coverage on shares of Ford Motor in a research note on Wednesday, June 21st. They set a “neutral” rating and a $13.00 price target for the company. Deutsche Bank AG restated a “hold” rating and set a $14.00 price target on shares of Ford Motor in a research note on Friday, June 30th. Finally, Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price for the company. in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $12.46.
In other news, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the sale, the insider now directly owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the sale, the vice president now directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 217,700 shares of company stock worth $2,486,044. Insiders own 1.08% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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