Ford Doubles Quarterly Dividend in 2013 First Quarter
DEARBORN, Mich., Jan. 10, 2013
DEARBORN, Mich., Jan. 10, 2013 /PRNewswire/ --
oFord to pay quarterly dividend of 10 cents per share, up 100 percent from
the previous rate of 5 cents per share
oStrong balance sheet, increased liquidity and positive business
performance enable increase
oFord's plan is to grow its dividend, consistent with earnings and
liquidity growth, to a level that is sustainable through all business
The Board of Directors of Ford Motor Company (NYSE: F)declared a
first-quarter dividend of $0.10 per share on the company's outstanding Class B
and common stock. This is double the level of dividend paid in each quarter of
2012 and consistent with the company's One Ford goal of delivering profitable
growth for all stakeholders.
"Our ability to double our dividend in one year is a testament to our One Ford
plan, which has enabled us to maintain a solid balance sheet, while at the
same time growing our business to provide our shareholders with more return on
their investments," said Bob Shanks, chief financial officer, Ford Motor
Through the first three quarters of 2012, Ford increased its liquidity
position by $2 billion and generated 10 consecutive quarters of positive
Automotive operating-related cash flow.
The first-quarter dividend is payable on March 1, 2013, to shareholders of
record on Jan. 30, 2013.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles across six continents. With
about 172,000 employees and 65 plants worldwide, the company's automotive
brands include Ford and Lincoln. The company provides financial services
through Ford Motor Credit Company. For more information regarding Ford's
products, please visit www.ford.com.
SOURCE Ford Motor Company
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