FORD SHARES SURGE ON DIVIDEND BOOST, LOWER EV SPENDING
- NEWS Desk Global
- Feb 7, 2024
- 1 min read
Ford Motor's decision to increase its dividend for the first quarter and reduce investments in new capacity for electric vehicles (EVs) has been well-received by investors, as evidenced by the 6% surge in the company's shares during Wednesday morning trading. The announcement to return an additional 18 cents per share in dividend, on top of the regular 15 cents, reflects Ford's commitment to enhancing shareholder value. This move follows a similar strategy by rival General Motors (GM.N), which has also returned cash to investors, leading to a 2% increase in GM shares.
The market's positive response suggests confidence in Ford's financial strategy and its efforts to optimize investments in light of evolving market dynamics, particularly in the EV segment.
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