(Corrects paragraph 4 to say Ford last paid a 10-cent dividend
in June 2006, not May, and paragraph 5 to say it restored
dividends in March 2012, not December 2011)
Jan 10 Ford Motor Co doubled its
first-quarter dividend to 10 cents per share despite recent
market share losses by the company and weakness in its European
The dividend will cost Ford about $370 million in the first
The first-quarter dividend is payable on March 1 to
shareholders of record on Jan. 30, the No.2 U.S. automaker said
in a statement on Thursday.
Ford last paid 10-cents-per-share as dividend in June 2006.
Shortly after that, the company reduced and later suspended its
dividend as it struggled to avoid bankruptcy.
It restored dividends in March 2012.
Ford shares jumped 3 percent in premarket trade to $13.83.
(Reporting by A. Ananthalakshmi in Bangalore; Editing by