Like a car gliding on cruise control, Ford (NYSE:F) is keeping its quarterly dividend steady. For its Q2, the company will distribute $0.10 per share of both its common and class B stock on June 3 to shareholders of record as of May 3. That amount matches the previous disbursement, which was handed out in January. Prior to that, the carmaker paid $0.05 per share.
This marks the sixth consecutive quarterly payout for the company since it restarted its dividend payments in January 2012. It had suspended them following the April 2006 distribution of $0.10 per share.
The current dividend annualizes to $0.40 per share. That yields just under 3% at Ford's most recent closing stock price of $13.53.
Fool contributor Eric Volkman has no position in Ford. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.