Ford Motor (F) To Go Ex-Dividend on February 18th

Ford Motor (NYSE:F) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.15 per share by the auto manufacturer on Monday, March 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date of this dividend is Tuesday, February 18th.

Ford Motor has raised its dividend payment by an average of 44.2% annually over the last three years. Ford Motor has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ford Motor to earn $1.70 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 35.3%.

Ford Motor Stock Down 7.3 %

Shares of F opened at $9.28 on Friday. The company has a market cap of $36.86 billion, a PE ratio of 10.54, a P/E/G ratio of 1.96 and a beta of 1.63. The business has a fifty day moving average of $10.14 and a 200 day moving average of $10.61. Ford Motor has a 52-week low of $9.26 and a 52-week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. On average, sell-side analysts expect that Ford Motor will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada cut their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.96.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.