duplicate post from SA:Ford------------------------------Nothing says shareholder lover like a nice bump to the dividend, and a very nice bump it is. Ford announced this morning it is doubling, you heard that right a 100% increase, in its dividend. The $0.10/share quarterly dividend represents a 3% yield at the current share price. Hopefully, that share price will be moving further north in today's trading.http://www.at.ford.com/news/cn/Pages/Ford%20Doubles%20Quarte...Doug
Textbook turn around nearly complete. I really like the timing of the divi increase, as it appears to be rewarding shareholders for a complete company overhaul, not just one or two good earnings release. The path of F is on much more sure footing than it has ever been, and divi increase was not just riding a macroeconomic shift (although that helped too).The vindication I'm receiving (internally) for riding through some hectic days over the last couple of years. Doubling down (greedy) when people were scared. Covered-calling all the way from $14 dollar a share nearly a year ago to $9. My F holding are up 45%, and I'm finally happy that I'm over-allocated F (according to RYR). Oh yeah, 3% DRIP will work into the overall return as well.Congrats all.MjH
Nothing says good management like taking excellent care of customers and shareholders. I love spiffy pops...
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