An EV Stock With a High-Yield Dividend
Ford (NYSE: F) is transforming into a high-yield dividend stock -- and for the right reason. Sometimes a stock becomes a high-yield stock because the share price falls while the dividend payment remains the same. This obviously isn't the ideal way for shareholders to become owners of a high-yield dividend stock.
In Ford's case, the company took the opportunity of its second-quarter earnings call to announce it is increasing its quarterly dividend payment by 50% to $0.15 per share, which comes out to an attractive, market-beating 4% forward dividend yield.
Image source: Ford.
Source Fool.com
