Ford Motor (NYSE:F) to Issue 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 paid a dividend of 0.15 per share by the auto manufacturer on Monday, March 3rd. This represents a $0.60 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Tuesday, February 18th.

Ford Motor has raised its dividend payment by an average of 44.2% annually over the last three years. Ford Motor has a payout ratio of 34.5% meaning 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 Trading Down 7.3 %

Shares of Ford Motor stock traded down $0.74 on Thursday, hitting $9.28. 222,279,990 shares of the company’s stock traded hands, compared to its average volume of 78,221,609. The company has a fifty day moving average of $10.14 and a two-hundred day moving average of $10.61. Ford Motor has a one year low of $9.26 and a one year high of $14.85. The company has a market capitalization of $36.86 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. As a group, sell-side analysts expect that Ford Motor will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on F. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Royal Bank of Canada lowered their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday. Wells Fargo & Company cut their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.