Ford Motor Company (NYSE:F) announced a quarterly dividend on Thursday, October 12th, RTT News reports. Shareholders of record on Monday, October 23rd will be paid 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 4.95%.
Ford Motor has increased its dividend payment by an average of 14.5% annually over the last three years. Ford Motor has a dividend payout ratio of 35.3% 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%.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during 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%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share.
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In other news, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction dated 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 in the company, valued at $6,037,812.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. Insiders have sold 217,700 shares of company stock valued at $2,486,044 over the last quarter. Corporate insiders own 1.08% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Standpoint Research raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. FIG Partners reissued a “hold” rating on shares of Ford Motor in a research note on Monday. TheStreet raised shares of Ford Motor from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Vetr raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.34 target price for the company in a research note on Wednesday, October 4th. Finally, Barclays PLC downgraded shares of Ford Motor from an “overweight” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $12.50.
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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