Ford Motor Company Q4 Dividend Declared at 15 Cents

AutoInformed on Ford Stock - Chart courtesy Yahoo Finance

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The Board of Directors of Ford Motor Company today declared a fourth quarter regular dividend of $0.15 per share on the company’s outstanding Class B and common stock. It is currently trading at ~$8.60 (7% yield), with a 52-week range of $7.41 – $10.56.

Ford Motor Company Q3 sales dropped -5% year-over-year due to a striking -30% drop in car sales to 77,231. Year-to-date sales at 1,820,836 compared to 1,887,625 in 2018 were off -4% in the first sales report since credit agencies downgraded Ford debt to junk status.

AutoInformed.com on Ford Motor US 2019 Q3 Sales

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Ford, as always,  tried  a positive spin claiming it was a transition year of its phasing out of cars – Focus, C-Max, Taurus – with a changeovers ongoing in the all new Explorer and Escape, which are undergoing complex launches that in our view are showing mixed results. The freshened Escape went on sale last week. The new platform Explorer launch is going slowly with hopes that sales will expand in Q4. How Ford ran out of inventory of Explorers is puzzling. However, given Ford history, we bet quality issues loomed large.

The fourth quarter dividend is the same amount of regular dividend that has been paid by the company each quarter since 2016. The fourth quarter dividend is payable on Dec. 2, 2019, to shareholders of record at the close of business on Oct. 22, 2019.

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About Kenneth Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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