AppId is over the quota
By AutoObserver Staff September 22, 2011
With an ever-improving balance sheet and a goal to see a return of its stock to an investment-grade rating, a Ford executive speaking at a financial conference was reported as saying the company will reinstate paying a dividend on its common stock “in the relatively near future.” This despite a recent assertion from chief financial officer Lewis Booth that Ford would not reinstate dividends until it recovered its investment-grade debt rating.
Booth and CEO Alan Mulally told AutoObserver late last year that the company wouldn’t reinstate dividends until it was satisfied its balance sheet was stronger and sustainable – and that Ford’s chief concern was reducing its debt levels. Ford has not paid a common-stock dividend in five years after suspending the dividend in September, 2006. The company made $4.95 billion in profits in the first half of 2011.
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