Ford Returns Cash to Shareholders, Maintains Guidance
Ford is giving shareholders a special payout and reaffirmed earnings guidance for the year.
Ford (F) - Get Report has reaffirmed its guidance for the year and is giving shareholders $200 million through a one-time dividend payments. The supplemental cash payment will amount to 5 cents a share. Ford is now on track to pay out $2.8 billion to shareholders this year.
Ford also says it expects lower pretax profits in 2017, but it expects profitability to rebound in 2018.
In the meantime, rival General Motors (GM) - Get Report also announced a new $5 billion share buyback and upped its guidance for the year.
