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Ford Raises Dividend By 25%

Ford Recalls Over 100,000 Escape SUV

DEARBORN, Mich. (AP) — 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 percent 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.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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