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

Ford Motor (NYSE:F) announced a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Stockholders of record on Wednesday, May 8th will be given a dividend of 0.15 per share by the auto manufacturer on Monday, June 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Tuesday, May 7th.

Ford Motor has raised its dividend payment by an average of 58.7% per year over the last three years. Ford Motor has a payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Ford Motor to earn $1.89 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 31.7%.

Ford Motor Price Performance

Shares of F stock traded up $0.09 on Thursday, hitting $13.04. 86,466,150 shares of the company’s stock were exchanged, compared to its average volume of 54,293,906. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The stock has a market cap of $51.82 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. The company has a 50 day moving average of $12.60 and a 200 day moving average of $11.78.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the prior year, the company earned $0.63 EPS. Ford Motor’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts predict that Ford Motor will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Redburn Atlantic assumed coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target for the company. Morgan Stanley increased their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. UBS Group increased their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup increased their price target on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Barclays increased their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.02.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by company insiders.

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.