TribLIVE

| Business


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

Ford raises its quarterly dividend

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. Range Resources to pay $4.15M fine, close old gas drilling impoundments
  2. Chevron gets first OK from Pa. sustainable drilling group
  3. Bayer to spin off plastics unit as separate company; employment to remain stable
  4. Post-IPO, Alibaba plans global expansion
  5. Home construction plunges more than 14% in August
  6. Five things you should know about Alibaba’s leadership
  7. Consol, Noble expect at least $325 million from partnership’s IPO
  8. Brighter economy drives up holiday hiring plans
  9. 5 Facebook settings to change now
  10. Net worth in U.S. reaches record high
  11. UPMC buying New Castle-based Jameson Health System
Subscribe today! Click here for our subscription offers.