Investors Alert; Ford Motor Company (NYSE:F) Plans to Double Dividend, Now to Pay 10 Cents - HMC, TM, KNDI

Pompano Beach, FL -- (SBWIRE) -- 01/10/2013 -- Ford Motor Company (NYSE:F) revealed intentions on Thursday to double its quarterly dividend. Shares of the number 2 US auto maker advanced almost 3% on the move, which denotes a show of confidence in its business visions.

Should Ford Motor a Buy or Sell Now? Find Out Here

Ford stated that its board of directors approved a plan to increase the firm’s quarterly dividend to 10 cents per share as compared to 5 cents. The Q1 dividend will be payable on March 1 to stockholders of record on January 30.

Bob Shanks, Ford’s CFO, stated in a statement that their ability to double their dividend in one year is a evidence to their One Ford plan, which has allowed them to maintain a solid balance sheet, whereas at the similar time developing their business to provide their shareholders with more return on their investments.

At the current trading session, Ford Motor Company (NYSE:F) shares gained +2.73% to $13.84 while The Stock traded within the range of $13.68 – $13.94. In the past year, the stock has traded within a range of $8.82 – $13.94. The current session’s volume of 55.70 million shares is down from the average daily trading volume of 58.52 million shares.

Why Should Investors Buy Ford Motor After The Recent Gain? Just Go Here and Find Out

While If we look at the few other stocks within industry, Honda Motor Co Ltd, Toyota Motor Corporation and Kandi Technologies Corp. were remain in the gainers list. Let’s have a quick look on their Market performance.

Honda Motor Co Ltd (ADR) (NYSE:HMC) shares are up +1.95% to $38.08 while the stock is traded within the range of $27.89 – $38.11 in the current trading session. In the last 12 months the shares have traded between $28.50 and $39.35. The current session’s volume of 279,903 shares is lower than their average daily trading volume of 625,152 shares.

For How Long HMC will Fight for Profitability? Read This Trend Analysis report

Toyota Motor Corporation (ADR) (NYSE:TM) shares in the current session moved up +1.23% reaching at $96.84. The stock traded in a range of $96.05 – $97.11. In the last year the stock has moved within a range of $67.27 – $97.55. The current session’s volume of 264,098 shares is lower from their average daily trading volume of 396,049 shares.

Why Should Investors Buy TM After The Recent Gain? Just Go Here and Find Out

Another rival company Kandi Technologies Corp. (NASDAQ:KNDI) trading up +0.52% to $3.90. Intraday trading recorded the stock price in a range of $3.86 to $3.98. In the previous 52 weeks the stock’s price ranged between $2.33 and $5.13. The current session’s volume of 26,763 shares was lower from their average daily trading volume of 62,070 shares.

What was the Moving Force behind KNDI On Bullish Run? Read This Research Report

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