DEARBORN, Mich. – Ford Motor Co. on Thursday said it will resume paying a dividend this spring for the first time since 2006.
The company said it will pay a quarterly dividend of 5 cents per share on March 1, 2012, to shareholders of record of Class B and common stock on Jan. 31, 2012.
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The automaker had stopped paying a dividend in September 2006 when it was deeply in debt.
"We have made tremendous progress in reducing debt and generating consistent positive earnings and cash flow," said Bill Ford, executive chairman, Ford Motor Company. "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."
Ford reported its 10th straight profitable quarter in the third quarter of this year.
