The Ford logo at a car dealership in Hudson, Wisc.(Photo: Karen Bleier, AFP/Getty Images)
DEARBORN, Mich. -- Ford is doubling its quarterly dividend to 10
cents, just nine months after paying its first dividend in more than
The automaker says the payout is part of its goal of delivering profitable growth for all its stakeholders.
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Shares were up 3% in premarket trading to $13.47, just shy of the 52-week high.
the first three quarters of 2012, Ford says its liquidity has increased
by $2 billion. The first-quarter dividend will be paid on March 1 to
shareholders of record as of Jan. 30.
Ford Motor, based in
Dearborn, Mich., resumed paying a dividend in March after halting the
payments because of financial problems. It has since paid a dividend of 5
cents per share each quarter.