Ford declares regular Q1 dividend of 15c, supplemental dividend of 65c

Ford Motor (F) declared a first-quarter regular dividend of 15 cents per share and a supplemental dividend of 65 cents per share. In addition to strong cash flow, the supplemental dividend reflects monetization of Ford’s stake in Rivian Automotive (RIVN), which began last May and now is nearly complete. The dividends are payable March 1 to shareholders of record at the close of business on Feb. 13. "We have great flexibility to invest in the Ford+ growth plan and return capital to shareholders at the same time. Going forward, we intend to target distributions of 40% to 50% of free cash flow," said CFO John Lawler.