TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Ford raises its quarterly dividend

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By The Associated Press
Friday, Jan. 10, 2014, 12:01 a.m.
 

Ford Motor Co. is raising the quarterly dividend it pays shareholders for the second time since restoring the payout in 2012.

The second-largest U.S. automaker said on Thursday its board declared a first-quarter dividend of 12.5 cents per share, a 25 percent increase from the previous 10-cent payout. The new dividend is payable on March 3 to shareholders of record at the close of business on Jan. 31.

Dearborn, Mich.-based Ford stopped paying a dividend in 2006, a year in which it lost $12.6 billion. After a restructuring, it returned to profitability in 2009. Ford restored its quarterly dividend at 5 cents per share in the first quarter of 2012 and doubled that dividend a year later.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Electric cars plug into solar power
  2. Health insurers’ move towardd ‘high-value’ care providers may reduce choice
  3. Pump prices: How low can you go? Below $3
  4. Wal-Mart ups ante on holiday shopping
  5. US consumer spending down 0.2 percent in September
  6. Pittsburgh-area stocks triumph over a volatile October
  7. Mark Phelan: Detroit 3 need to fix their troubled small cars
  8. ‘Airbender’ bent rules of Pa. film tax credit
  9. Under the Hood: Vibration problem needs 2nd set of eyes
  10. Wall Street caps a wild month with a rally
  11. Coal official: Number of W.Va. mining sites falls to 96
Subscribe today! Click here for our subscription offers.