Ford Motor (NYSE:F) declared a quarterly dividend on Thursday, October 10th, RTT News reports. Investors of record on Tuesday, October 22nd will be paid a dividend of 0.15 per share by the auto manufacturer on Monday, December 2nd. This represents a $0.60 annualized dividend and a yield of 6.83%.
Ford Motor has a payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ford Motor to earn $1.30 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 46.2%.
Shares of NYSE:F opened at $8.78 on Friday. The firm has a market cap of $34.15 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.93 and a beta of 1.10. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.86. Ford Motor has a 12-month low of $7.41 and a 12-month high of $10.56. The business has a fifty day simple moving average of $9.07 and a 200 day simple moving average of $9.58.
Several brokerages recently issued reports on F. Royal Bank of Canada reaffirmed a “neutral” rating and set a $10.50 target price on shares of Ford Motor in a research report on Thursday, July 25th. Buckingham Research lowered their target price on Ford Motor from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Bank of America lowered Ford Motor to a “buy” rating and set a $13.00 target price for the company. in a research report on Tuesday, September 10th. ValuEngine raised Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Credit Suisse Group lowered Ford Motor to an “outperform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, September 11th. Four analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.30.
In other news, insider Kiersten Robinson sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $10.50, for a total value of $157,500.00. Following the completion of the sale, the insider now directly owns 51,027 shares in the company, valued at approximately $535,783.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John C. Lechleiter bought 10,000 shares of Ford Motor stock in a transaction dated Monday, July 29th. The stock was purchased at an average price of $9.60 per share, with a total value of $96,000.00. Following the completion of the purchase, the director now owns 64,700 shares in the company, valued at $621,120. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 145,000 shares of company stock valued at $1,355,250. 0.83% of the stock is currently owned by company insiders.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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