Ford Dividend March 2020
Ford said it would suspend its dividend and withdraw its 2020 guidance due to the coronavirus.
Ford dividend march 2020. And even the lowest projections as of mid march. Ford motor company f recently announced that the company will suspend its 15 cents per share quarterly dividend and withdraw the 2020 guidance. Ford also said it would draw 15 4 billion from two credit lines. However i believe the company will keep on paying the same amount.
Ford has said many times even before hackett became ceo that the dividend would be safe if sales went back to 09 levels whiston said. Ford f plans to borrow 13. Ford has paid a quarterly cash dividend of 15 cents per share since 2016 costing the automaker roughly 2 4. It is down by more than 50 from its 52 week highs.
Hake cfa mar 31 2020 7 01 am edt march 31 2020 ford nyse. F stock may not yet have seen the worst of the downturn. In 1919 henry ford bought out all of these investors and reincorporated the company in the state of delaware. Ford motor company was founded by henry ford and incorporated in michigan on june 16 1903.
General motors closed at 17 71 a share on thursday up 91 cents a share or up 5 42. The corporation s common stock was entirely owned by henry ford and a small group of local investors. Ford has been paying the same quarterly dividend of 15 cents per for share for the past five years up until this past march. The dow jones industrial average closed at 20 087 19 points up 188 27 points or 0 95 on thursday.
Ford suspends dividend withdraws 2020 financial guidance. Shares were down 2 in early.
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