MoneyWatch

Ford boosts quarterly dividend 25 percent

/ AP

DEARBORN, Mich. - Ford (F) is raising the quarterly dividend it pays shareholders for the second time since restoring the payout in 2012.

The second-largest U.S. automaker says its board declared a first-quarter dividend of 12.5 cents per share, a 25 percent increase from the previous 10-cent payout.

Ford Motor Co. says the new dividend is payable on March 3 to shareholders of record at the close of business on Jan. 31.

The U.S. automaker restored its quarterly dividend at 5 cents per share in the first quarter of 2012 and then doubled it a year later.

The announcement comes a few days after CEO Alan Mulally said he planned to stay with the automaker at least through the end of this year.

Ford shares are rising in premarket trading.

First published on January 9, 2014 / 8:50 AM EST

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