TribLIVE

| Business


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

Ford raises its quarterly dividend

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

By The Associated Press

Published: 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. PPG sales, operating profit see double-digit increases
  2. Consol Energy transitions as leadership changes hands
  3. Fed Beige Book survey: Growth picks up across most of U.S. but not in Pittsburgh region
  4. Yellen stresses need for Fed to be flexible
  5. GlaxoSmithKline discloses  bribery inquiries
  6. Mt. Gox bankruptcy protection rejected
  7. Higher fuel costs help established airlines, hinder startups
  8. Factory output extends solid gains in March
  9. Gap outlines growth plans for China
  10. Region’s largest bank PNC posts 7% rise in 1Q profit
  11. Programs help to nudge unemployment among veterans downward
Subscribe today! Click here for our subscription offers.