2011 Ford Dividend – 2011 Ford shareholders are receiving a 5-cent quarterly dividend in a move that restores the automaker’s financial strength.
The Board of Directors of the motor company recently declared great news for its shareholders.
2011 appears to be a profitable year for these shareholders. The company has declared a quarterly profit of 5 cents per share. This is the first payout to the motor company’s shareholders since September of 2006.
“We have made tremendous progress in reducing debt and generating consistent positive earnings and cash flow,” said executive chairman Bill Ford. “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.”
“Building a strong balance sheet that supports our growth plans remains a core part of our One Ford strategy,” said Lewis Booth, the companies executive vice president and chief financial officer. “We have demonstrated our capability to finance our plans and we are confident that we can begin to pay a dividend that will be sustainable through economic cycles.”
Shareholders of record of Class B and common stock on Jan. 31, 2012 will have the profit payable March 1, 2012.