READ MORE eak]
The dividend will be payable on March 1, 2017, to stockholders of record on January 20, 2017, with an ex-dividend date of January 18, 2017. The annual yield on the dividend is 4.7 percent.
Also declares first quarter supplemental cash dividend – or $0.05 per share – for a combined $0.20 per share.
Ford said it is on track for another strong year in 2016 and continues to expect about $10.2 billion in total company adjusted pre-tax profit.
The company now expects its adjusted effective tax rate to be in the low 30 percent range.
“As we close 2016, Ford continues to be a solid investment with attractive upside on emerging opportunities,” said Mark Fields, Ford president and CEO.
“We are pleased to, once again, reward our shareholders with a regular and supplemental dividend, as we continue delivering profitable growth for all.” ■
What to read next