Ford doubles quarterly dividend in 2013 first quarter

(January 10, 2013) DEARBORN, Mich. — The board of directors of Ford declared a first-quarter dividend of 10 cents per share on the company’s outstanding Class B and common stock. This is double the level of dividend paid in each quarter of 2012. 
 
“Our ability to double our dividend in one year is a testament to our One Ford plan, which has enabled us to maintain a solid balance sheet, while at the same time growing our business to provide our shareholders with more return on their investments,” said Bob Shanks, chief financial officer at Ford.
 
Through the first three quarters of 2012, Ford increased its liquidity position by $2 billion and generated 10 consecutive quarters of positive automotive operating-related cash flow.
 
The first-quarter dividend is payable on March 1, 2013, to shareholders of record on Jan. 30, 2013.