Ford Doubles Quarterly Dividend in 2013 First Quarter
DEARBORN, Mich., Jan. 10, 2013 /PRNewswire/ --
- Ford to pay quarterly dividend of 10 cents per share, up 100 percent from the previous rate of 5 cents per share
- Strong balance sheet, increased liquidity and positive business performance enable increase
- Ford's plan is to grow its dividend, consistent with earnings and liquidity growth, to a level that is sustainable through all business cycles
The Board of Directors of Ford Motor Company (NYSE: F) declared a first-quarter dividend of $0.10 per share on the company's outstanding Class B and common stock. This is double the level of dividend paid in each quarter of 2012 and consistent with the company's One Ford goal of delivering profitable growth for all stakeholders.
"Our ability to double our dividend in one year is a testament to our One Ford plan, which has enabled us to maintain a solid balance sheet, while at the same time growing our business to provide our shareholders with more return on their investments," said Bob Shanks, chief financial officer, Ford Motor Company.
Through the first three quarters of 2012, Ford increased its liquidity position by $2 billion and generated 10 consecutive quarters of positive Automotive operating-related cash flow.
The first-quarter dividend is payable on March 1, 2013, to shareholders of record on Jan. 30, 2013.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 172,000 employees and 65 plants worldwide, the company's automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com.
SOURCE Ford Motor Company