Ford reinstates dividend after 5 year hiatus, declares quarterly dividend of 5 cents per share

Here is some quick, important but boring industry news for you. The Board of Directors of Ford Motor Company today declared a quarterly dividend of 5 cents per share.

“We have made tremendous progress in reducing debt and generating consistent positive earnings and cash flow,” said Bill Ford, executive chairman, Ford Motor Company. “The board believes it is important to share the benefits of our improved financial performance with our shareholders. We are pleased to reinstate a quarterly dividend, as it is an important sign of our progress in building a profitably growing company and our confidence in the future.”

The dividend is payable March 1, 2012, to shareholders of record of Class B and common stock on Jan. 31, 2012.

– By: Omar Rana