Post by Logan on Jan 13, 2016 1:46:57 GMT -6
Ford says it will report a record 2015 pretax profit and reward shareholders with extra dividends this year, but Wall Street rewarded the news with a drop in after-hours trading.
Shareholders will receive a first-quarter dividend of 15 cents per share — the same payout as in 2015 — but Ford will provide an additional 25 cents per share as part of a $1-billion supplemental cash dividend, the company announced today.
The supplemental cash represents a 40% increase for shareholders because of the company’s strong financial performance in 2015 and its cash and liquidity levels. The first-quarter and supplemental dividends will be paid to stockholders on March 1.
The record pretax profits are before special items and include the automaker's recent change to a new accounting system to report accumulated costs related to pension and other post-retirement benefits. Last week, Ford said it is making more money than expected because of the change and the company is restating earnings back to 2011.
www.freep.com/story/money/cars/detroit-auto-show/2016/01/12/ford-pay-extra-dividend-record-2015-profits/78694546/
Shareholders will receive a first-quarter dividend of 15 cents per share — the same payout as in 2015 — but Ford will provide an additional 25 cents per share as part of a $1-billion supplemental cash dividend, the company announced today.
The supplemental cash represents a 40% increase for shareholders because of the company’s strong financial performance in 2015 and its cash and liquidity levels. The first-quarter and supplemental dividends will be paid to stockholders on March 1.
The record pretax profits are before special items and include the automaker's recent change to a new accounting system to report accumulated costs related to pension and other post-retirement benefits. Last week, Ford said it is making more money than expected because of the change and the company is restating earnings back to 2011.
www.freep.com/story/money/cars/detroit-auto-show/2016/01/12/ford-pay-extra-dividend-record-2015-profits/78694546/