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Is Ford Motor a Buy After Reinstating its Quarterly Dividend? -Breaking

by Mike Robinson

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© Reuters. Ford Motor is a buyable option after the reinstating of its quarterly dividend

Renowned automobile company Ford Motor (F) recently broke Wall Street’s earnings expectations and reinstated its quarterly dividends. It is a smart decision to purchase the stock right now, while the shortage of semiconductors continues to be a problem. Let’s find out.Leading automaker Ford Motor Company (NYSE:) hit its 52-week high of $17.97 on November 1, 2021, after reporting impressive third-quarter results and increasing its guidance for its full-year 2021 adjusted EBIT to between $10.5 billion and $11.5 billion. It also announced that it will resume a regular stock dividend for the fourth quarter with $0.10 per share.

Ford’s stock has gained 26.8% in price over the past month and 132.2% over the past year to close yesterday’s trading session at $17.95. It could be affected by current labor and semiconductor shortages as well disruptions to supply chains.

F is also facing stiff competition from several other players in the electric vehicle (EV), which has many new entrants as well as mega-players vying to take market share. So, F’s near-term prospects look uncertain.

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