Ford Motor Company (NYSE:F) to Issue $0.15 Quarterly Dividend

Ford Motor Company (NYSE:F) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, August 11th will be given a dividend of 0.15 per share by the auto manufacturer on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, August 11th.

Ford Motor has raised its dividend by an average of 0.4%annually over the last three years. Ford Motor has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ford Motor to earn $1.77 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 33.9%.

Ford Motor Trading Up 1.9%

Shares of Ford Motor stock opened at $14.96 on Wednesday. The business has a fifty day simple moving average of $14.49 and a two-hundred day simple moving average of $13.45. Ford Motor has a 1 year low of $10.68 and a 1 year high of $17.78. The company has a market capitalization of $59.61 billion, a price-to-earnings ratio of -9.65, a P/E/G ratio of 0.35 and a beta of 1.82. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the previous year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. Research analysts forecast that Ford Motor will post 1.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays raised their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Wells Fargo & Company boosted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. upped their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $15.22.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.