Ford Motor Company (F) reported a 20% increase to its quarterly dividend on Thursday. Here’s what this boost means for mutual fund investors.
Inside the Dividend Increase
Ford has boosted its quarterly dividend from 12.5 cents to 15 cents per share, or 60 cents annually. This new dividend payout brings the stock’s yield to about 4%.
The next dividend will be payable on March 2 to shareholders of record on January 30. The stock will go dividend on January 28.
For more information on Ford’s dividend policy, click here.
Great News for Income Investors
This dividend boost should put Ford on the radar of income-focused investors and fund managers. Despite concerns about new car sales, it is a good sign that management is making an effort to reward shareholders with attractive dividends. For investors seeking exposure to the auto industry, Ford’s 4% dividend yield could make it a good choice.
Mutual Funds to Watch
For investors seeking exposure to Ford, the mutual funds below may be good alternatives to directly investing in the stock. These funds currently hold the largest stakes in the company.