Ford (F) Stock a Buy After Dividend Hike

Ford Motor Company (NYSE:F) did something funny on Thursday. The Dearborn, Michigan-based car company boosted its quarterly dividend by a full 20%, just days after reporting lackluster sales in December that stacked up poorly to the rest of the auto industry. So what can income-hungry investors take away from the automaker’s move? Is it a bluff, a bullish signal for F stock, or neither?

After raising its quarterly dividend from 12.5 cents to 15 cents, Ford’s annual dividend yield sits at 3.9%, easily higher than the next-best yield from a major auto manufacturer. General Motors Company (NYSE:GM) pays 3.3%; Toyota Motor Corp (NYSE:TM) doles out 2% annually and India’s Tata Motors Limited (ADR) (NYSE:TTM) returns a meager 0.3% to its shareholders through dividend payments.

Source: InvestorPlace

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