Ford Raises its Yearly Forecast as it Plans to Resume
The stock price rose by 9.5 % on Wednesday as Ford Motor raised its yearly
profit forecast. The automaker, which is charging ahead with its investments in
electric vehicles, declared that it would start paying dividends again.
As per Bloomberg news, the company lifted its 2021 profits for the second
quarter in a row and is now projecting operating profit of $10.5 billion to $11.5
billion. The restored divided of 10 cents per share will be paid to the
shareholders on December 1, as per the company.
After the march 2020 pandemic, Ford has suspended its dividend playout. The
strong second quarterly results have been attributed to the easing of a supply
shortage of semiconductors, which another automaker still faces. Strong
demand for Ford vehicles added to the bottom line.
Read the article to know more: Ford Raises its Yearly Forecast as it Plans to
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