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

Ford Motor (NYSE:F) announced a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Investors 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 yield of 4.83%. The ex-dividend date of this dividend 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 payout ratio of 31.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ford Motor to earn $1.96 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 30.6%.

Ford Motor Price Performance

Ford Motor stock opened at $12.43 on Monday. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The stock has a market cap of $49.62 billion, a P/E ratio of 12.81, a PEG ratio of 0.84 and a beta of 1.61. The company has a 50-day moving average price of $12.64 and a 200 day moving average price of $11.80. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the prior year, the company earned $0.63 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that Ford Motor will post 1.94 earnings per share for the current year.

Insider Transactions at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 target price for the company. Morgan Stanley increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Citigroup boosted their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Finally, UBS Group boosted their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.74.

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.