Shares of Ford Jump, Ford to reinstate dividend in the fourth quarter
Ford shares jumped by more than 9% during after-hours trading. The stock closed Wednesday down by 2.7% to $15.51 a share.
DETROIT — Ford Motor will reinstate its regular dividend starting in the fourth quarter, more than a year and a half after suspending the payments during the early days of the coronavirus pandemic.
Ford said the fourth-quarter dividend of 10 cents per share on outstanding common and Class B stock will be paid on Dec. 1 to shareholders at the close of business Nov. 19.
The company announced the dividend Wednesday when it released its third-quarter earnings, which beat Wall Street’s expectations.
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Shares of Ford Jump, Ford to reinstate dividend in the fourth quarter
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