December 9, 2011 by staff
Ford dividend, Ford (NYSE: F ) shareholders have been waiting for this one for a while: The Blue Oval’s dividend is back.
Ford officials announced on Thursday that the recovering auto giant would be paying its shareholders $0.05 a share in the first quarter of 2012, its first dividend since September 2006. But despite the news, the stock closed lower as broader markets fell sharply on Thursday.
That market volatility raises a question: Given all of the economic uncertainty around the world, is the resumption of its dividend the right move for Ford now?
Premature? Or justified?
Ford managers — and Ford’s board of directors — clearly think the time is right for a dividend. “The board believes it is important to share the benefits of our improved financial performance with our shareholders. We are pleased to reinstate a quarterly dividend, as it is an important sign of our progress in building a profitably growing company and our confidence in the future,” Executive Chairman Bill Ford said in a statement.
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