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

Ford Motor (NYSE:F) announced a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Shareholders of record on Wednesday, May 8th will be paid 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 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% annually over the last three years. Ford Motor has a dividend payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

F traded up $0.09 during trading on Thursday, reaching $13.04. The company’s stock had a trading volume of 86,466,150 shares, compared to its average volume of 54,293,906. The company’s fifty day moving average price is $12.60 and its 200-day moving average price is $11.78. The company has a market capitalization of $51.82 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley upped their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Redburn Atlantic began coverage on Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective for the company. Piper Sandler began coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Citigroup upped their price objective on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.02.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.80% of the stock is owned by company insiders.

About Ford Motor

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.