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

Ford Motor (NYSE:F) declared a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Stockholders 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 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Tuesday, May 7th.

Ford Motor has increased its dividend by an average of 58.7% per year over the last three years. Ford Motor has a dividend payout ratio of 32.6% meaning 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 Up 0.7 %

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

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

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on F. Redburn Atlantic began coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Morgan Stanley raised their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. UBS Group raised their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada raised their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Barclays raised their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.02.

Ford Motor Company Profile

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.