11 Jan 2013

Dividend doubled by Ford

1:53 pm on 11 January 2013

Ford on Thursday doubled its quarterly dividend to 10 cents per share, sending its share price higher.

Ford resumed paying a dividend in March - of 5 cents per quarter - after halting the payment to shareholders for more than five years because of financial problems.

The company said the payment was part of its goal of delivering profitable growth for all stakeholders.

It said the last time it paid a 10 cent dividend was in June 2006.

Shares in Ford ended 2.7% higher on Wall Street.

Ford was the only one of the big three US car firms which did not go bankrupt during the credit crunch and global recession.