Ford Motor Company directors have approved a first quarter dividend of US$0.10 per share, double the level paid in each quarter of 2012.

A One Ford goal is to deliver “profitable growth for all stakeholders”, the automaker said on Thursday (10 January, 2013).

“Our ability to double our dividend in one year is a testament to our One Ford plan, which has enabled us to maintain a solid balance sheet, while at the same time growing our business to provide our shareholders with more return on their investments,” said CFO Bob Shanks.

In the first three quarters of 2012, Ford increased liquidity by $2bn and generated 10 consecutive quarters of positive automotive operating cash flow.

The Q1 dividend will be paid on 1 March 1.