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. Continue reading