Ford Family Getting $28 Million a Year With Doubled Dividend
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Ford Motor Co., the second-largest U.S. automaker, doubled its quarterly dividend to 10 cents a share, a move that will boost the annual payout to the Ford family to more than $28 million.
The first-quarter dividend, which will cost the company about $380 million, will be payable March 1, the Dearborn, Michigan-based automaker said today in a statement. Ford, which resumed paying a dividend last year after a five-year hiatus, cited its strengthening business for increasing the payout.