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

Ford Motor (NYSE:F) declared a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Stockholders of record on Wednesday, August 7th will be paid a dividend of 0.15 per share by the auto manufacturer on Tuesday, September 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Wednesday, August 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 31.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Ford Motor to earn $1.98 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 30.3%.

Ford Motor Trading Up 0.3 %

F stock traded up $0.03 during trading on Tuesday, reaching $9.74. 5,898,148 shares of the stock traded hands, compared to its average volume of 54,498,730. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The business’s 50 day moving average price is $12.36 and its 200-day moving average price is $12.38. The firm has a market capitalization of $38.89 billion, a PE ratio of 10.03, a P/E/G ratio of 0.75 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Ford Motor will post 1.94 earnings per share for the current year.

Insider Activity

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the transaction, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on F shares. UBS Group increased their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. Royal Bank of Canada raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Barclays decreased their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.75.

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.