Ford (NYSE:F) continues to motor along the road of shareholder payouts. The company has declared a quarterly dividend of $0.10 per share for its Q4, to be paid on December 2 to its common and Class B stockholders of record as of November 1. That amount matches each of the auto giant's three preceding distributions, and is double the year-ago payout of $0.05 per share.
Ford has paid a dividend reliably since relaunching its distribution in March 2012. It had suspended the payout in September 2006.
The just-declared dividend annualizes to $0.40 per share. That yields 2.4% at Ford's most recent closing stock price of $16.93.
Fool contributor Eric Volkman has no position in Ford. The Motley Fool recommends and 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.