Ford Motor (NYSE:F) Announces Quarterly Dividend of $0.15

Ford Motor (NYSE:F) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.15 per share by the auto manufacturer on Monday, March 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date is Tuesday, February 18th.

Ford Motor has raised its dividend payment by an average of 44.2% per year over the last three years. Ford Motor has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ford Motor to earn $1.70 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 35.3%.

Ford Motor Stock Down 7.3 %

Shares of F opened at $9.28 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a one year low of $9.26 and a one year high of $14.85. The stock has a market capitalization of $36.86 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.96 and a beta of 1.63. The stock has a 50 day moving average price of $10.14 and a 200 day moving average price of $10.61.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Equities research analysts forecast that Ford Motor will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on F. Wells Fargo & Company lowered their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday. Royal Bank of Canada decreased their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday. Bank of America decreased their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $11.96.

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.