Ford boosts quarterly dividend 25 percent
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.