The Board of Directors of Ford Motor Company [NYSE: F] today declared a fourth-quarter dividend of 30 cents a share on the company’s Class B and common stock. This represents a five percent increase over the level of dividend paid in the third-quarter of 2000, adjusted for the company’s recent Value Enhancement Plan.
“We continue to reward our shareholders,” said Henry Wallace, Ford Motor Company chief financial officer. “The spin-off of Visteon, the $5.7 billion Value Enhancement Plan, the announced $5 billion stock repurchase program and now an increased dividend all demonstrate our commitment to Ford’s tradition of rewarding shareholders.”
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The board also declared a dividend of 51.5625 cents a share on the depositary shares representing the company’s Series B Cumulative Preferred Stock.
The dividend on the Series B Preferred Stock equals the quarterly amount of the annual cumulative dividend of $2.0625 per depositary share.
The fourth-quarter dividends are payable on December 1, 2000 to shareholders of record on November 1st.
