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

Ford Motor (NYSE:F) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.15 per share by the auto manufacturer on Monday, March 3rd. This represents a $0.60 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend is Tuesday, February 18th.

Ford Motor has raised its dividend payment by an average of 44.2% annually over the last three years. Ford Motor has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ford Motor to earn $1.70 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 35.3%.

Ford Motor Price Performance

F stock traded down $0.74 during trading on Thursday, hitting $9.28. 218,346,555 shares of the company’s stock traded hands, compared to its average volume of 78,035,930. Ford Motor has a 52 week low of $9.26 and a 52 week high of $14.85. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The business has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $10.61. The stock has a market capitalization of $36.86 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. As a group, research analysts expect that Ford Motor will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on F. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Royal Bank of Canada lowered their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.96.

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.