Ford ends 5-year dividend drought with 5-cent payout
World NewsDec 9, 2011
Ford Motor Co., the second-largest U.S. automaker, declared Thursday a 5-cent quarterly dividend, its first payout to shareholders since September 2006. The move comes after Ford earned $1.65 billion in the three months ended in September, its 10th consecutive profitable quarter, and negotiated a new four-year contract with the United Auto Workers covering its 40,600 U.S. hourly workers. The div...