F Stock – Dividend Hike Sends Ford Stock Higher

by Christopher Freeburn | January 9, 2014 9:16 am

F Stock – Dividend Hike Sends Ford Stock Higher

Ford Motor Company1 300x191 F Stock   Dividend Hike Sends Ford Stock Higher[1]On Thursday, the nation’s second largest automaker announced plans to boost it quarterly dividend[2].

Ford (F[3]) said it would raise its quarterly dividend to 12.5 cents a for each share of qualifying F stock. The higher dividend will be paid on outstanding Class B and common F stock for the first quarter of 2014. Holders of F stock on Jan. 31, will receive the higher dividend for F stock on Mar. 4.

The bump represents a 25% increase over the dividend paid on F stock for the first quarter of 2013. It also marks the second time Ford has raised its quarterly dividend on F stock in the lat two years. The automaker attributed the dividend hike to “strong 2013 performance.”

F stock climbed more than 1% in pre-market trading on Thursday. F stock has dropped about 11% since October.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/05/Ford-Motor-Company1.jpg
  2. announced plans to boost it quarterly dividend: http://www.prnewswire.com/news-releases/ford-increases-quarterly-dividend-25-in-2014-first-quarter-239410891.html
  3. F: http://studio-5.financialcontent.com/investplace/quote?Symbol=F

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