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

Ford Motor (NYSE:F) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date is Tuesday, February 18th.

Ford Motor has raised its dividend by an average of 44.2% per year over the last three years. Ford Motor has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE F traded down $0.74 during trading on Thursday, hitting $9.28. The company had a trading volume of 222,279,990 shares, compared to its average volume of 78,221,609. Ford Motor has a fifty-two week low of $9.26 and a fifty-two week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $10.61. The firm has a market capitalization of $36.86 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63.

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

Analysts Set New Price Targets

A number of research firms have weighed in on F. Bank of America decreased their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada dropped their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Thursday, November 7th. Finally, Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.96.

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.