Before Thursday’s opening bell, Ford Motor Company (F
) announced that it is raising its quarterly dividend by 25%, and will now be paying out 12.5 cents per share, or 50 cents annually.
The company’s dividend will be payable on March 3 to all stockholders on record as of January 31. The stock goes ex-dividend on January 29.
Ford last announced an increase January 2013, when it announced a 100% raise, from 5 cents to 10 cents, for its quarterly payout in March. Ford’s CFO, Bob Shanks, had the following comments about the company’s dividend raise: “Our capital strategy continues to be focused on financing our One Ford plan, further strengthening our balance sheet and providing attractive returns to our shareholders. This increase in the dividend provides our shareholders with a regular, growing dividend that we believe is sustainable over an economic or business cycle.”
Ford stocks were up 17 cents, or 1.09%, in pre-market trading. The company is 13.76% off of its 52-week high.
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