Ford raises quarterly dividend 25 per cent to 12.5 cents per share

In this Sept. 18, 2013 photo, a Ford emblem is attached to a Ford pickup truck tailgate in Needham, MassTHE CANADIAN PRESS/AP, Steven Senne

January 09, 2014 - 5:37 AM

DEARBORN, Mich. - Ford is raising the quarterly dividend it pays shareholders for the second time since restoring the payout in 2012.

The second-largest U.S. automaker says its board declared a first-quarter dividend of 12.5 cents per share, a 25 per cent increase from the previous 10-cent payout.

Ford Motor Co. says the new dividend is payable on March 3 to shareholders of record at the close of business on Jan. 31.

The Dearborn, Mich., automaker restored its quarterly dividend at 5 cents per share in the first quarter of 2012 and then doubled it a year later.

The announcement comes a few days after CEO Alan Mulally said he planned to stay with the automaker at least through the end of this year.

Ford shares are rising in premarket trading.

News from © The Associated Press, 2014

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