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 given 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 4.92%. The ex-dividend date of this dividend is Friday, October 20th.
Ford Motor has raised its dividend payment by an average of 14.5% per year over the last three years. Ford Motor has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ford Motor to earn $1.50 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 40.0%.
Shares of Ford Motor (F) opened at 12.19 on Thursday. The stock’s 50 day moving average is $11.84 and its 200 day moving average is $11.32. Ford Motor has a 52-week low of $10.47 and a 52-week high of $13.27. The stock has a market cap of $48.42 billion, a price-to-earnings ratio of 12.83 and a beta of 1.12.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. Ford Motor’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities analysts expect that Ford Motor will post $1.75 earnings per share for the current fiscal year.
In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the transaction, the insider now directly owns 76,358 shares of the company’s stock, valued at $878,117. The disclosure for this sale can be found here. Over the last three months, insiders have sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is owned by company insiders.
A number of equities analysts have recently commented on F shares. Nomura downgraded shares of Ford Motor to a “hold” rating in a research note on Saturday, August 5th. BidaskClub raised shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price on the stock in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.44.
About Ford Motor
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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