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Ford beats expectations and raises dividend as company sells more of its top models
Ford Motor Company said that its adjusted operating income more than tripled from a year ago, to $3.7 billion, as it was able to deliver more of its hottest new products to customers.
Ford also reiterated its previous guidance for the full year, and said that it will increase its quarterly dividend to 15 cents per share, the amount it paid before the Covid-19 pandemic.
Shares were up over 6% in extended trading after the news was released.
Ford said last week that it has secured 100% of the battery supplies it will need to deliver electric vehicles at a rate of 600,000 per year by the end of 2023, and that it’s on track to build 2 million a year by 2026.
$Ford Motor (F.US)$
Ford also reiterated its previous guidance for the full year, and said that it will increase its quarterly dividend to 15 cents per share, the amount it paid before the Covid-19 pandemic.
Shares were up over 6% in extended trading after the news was released.
Ford said last week that it has secured 100% of the battery supplies it will need to deliver electric vehicles at a rate of 600,000 per year by the end of 2023, and that it’s on track to build 2 million a year by 2026.
$Ford Motor (F.US)$
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