Ford Motor (F) to Issue Quarterly Dividend of $0.15 on June 3rd

Ford Motor (NYSE:F) declared a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Investors of record on Wednesday, May 8th will be given a dividend of 0.15 per share by the auto manufacturer on Monday, June 3rd. This represents a $0.60 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Tuesday, May 7th.

Ford Motor has increased its dividend by an average of 58.7% per year over the last three years. Ford Motor has a payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ford Motor to earn $1.89 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 31.7%.

Ford Motor Trading Up 0.7 %

F stock opened at $13.04 on Friday. The company has a market capitalization of $51.82 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The company’s 50-day simple moving average is $12.61 and its 200 day simple moving average is $11.79.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.56%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Ford Motor will post 1.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Redburn Atlantic started coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Barclays raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler started coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, UBS Group raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.02.

Insider Activity

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.