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Shares of Ford (F) move up 2.4% premarket after the automaker doubles up its dividend payout...
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Thursday, January 10, 8:25 AM ETShares of Ford (F) move up 2.4% premarket after the automaker doubles up its dividend payout rate. More good news for Ford: The stock also lands on a list from Douglas Kass of his top stock picks for 2013. He expects shares to rise to above $17.50 during the year.
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This news story has 6 comments:
Kudos to several commentators that called it.
A 40 cent dividend will cost Ford about $1.6B a year, so they must be absolutely swimming in cash right now, with no better place to put it.
But my 20/20 hindsight screwup is that I did not buy enough shares when F was in the $1.50 - $2.00 range to provide me with free cars for life.
Example: 10,000 shares @ $2.00 ($20,000) now makes dividend revenue of $333/mo. Which is enough to make the payment on many of Ford's less expensive cars and trucks.
Free cars for life, who would have thought it?
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