FORD MOTOR CO
For the period ended Dec 31, 2024. Filed Feb 6, 2025.
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FY2024 · Filed Feb 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 5. Market for Registrant’s Stock
Our Common Stock is listed on the New York Stock Exchange in the United States under the symbol F. As of February 3, 2025, stockholders of record of Ford included approximately 96,223 holders of Common Stock and 3 holders of Class B Stock. We believe that the number of beneficial owners is substantially greater than the number of record holders because a large portion of our Common Stock is held in “street name” by brokers.
Stock Performance Graph
The information contained in this Stock Performance Graph section shall not be deemed to be “soliciting material” or “filed” or incorporated by reference in future filings with the SEC, or subject to the liabilities of Section 18 of the Exchange Act, except to the extent that we specifically incorporate it by reference into a document filed under the Securities Act or the Exchange Act.
The following graph compares the cumulative total shareholder return on our Common Stock with the total return on the S&P 500 Index and the Dow Jones Automobiles & Parts Titans 30 Index for the five year period ended December 31, 2024. It shows the growth of a $100 investment on December 31, 2019, including the reinvestment of all dividends.
| Base Period · Years Ending | ||||||
|---|---|---|---|---|---|---|
| Company/Index | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Ford Motor Company | 100 | 96 | 228 | 132 | 153 | 133 |
| S&P 500 | 100 | 118 | 152 | 125 | 158 | 197 |
| Dow Jones Automobiles & Parts Titans 30 | 100 | 151 | 188 | 128 | 170 | 183 |
Issuer Purchases of Equity Securities
In the fourth quarter of 2024, we completed an anti-dilutive share repurchase program to offset the dilutive effect of share-based compensation granted during 2024. The program authorized repurchases of up to 53 million shares of Ford Common Stock. As shown in the rightmost column of the table below, we do not intend to make any further purchases under this program because its anti-dilutive purpose was fulfilled after purchasing only 36.43 million shares.
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly-Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| October 1, 2024 through October 31, 2024 | — | $— | — | 30,270,000 |
| November 1, 2024 through November 30, 2024 | 13,700,000 | 10.91 | 13,700,000 | 16,570,000 |
| December 1, 2024 through December 31, 2024 | — | — | — | 16,570,000 (a) |
| Total / Average | 13,700,000 | $10.91 | 13,700,000 |
(a)The share repurchase program announced February 7, 2024 authorized repurchases of up to 53 million shares of Ford Common Stock. Although we have repurchased 36.43 million shares and the program was authorized for up to 53 million, we do not intend to make any further purchases under this program because its anti-dilutive purpose has been fulfilled.
Dividends
The table below shows the dividends we paid per share of Common and Class B Stock for each quarterly period in 2023 and 2024:
| 2023 | 2024 | |||||||
|---|---|---|---|---|---|---|---|---|
| FirstQuarter(a) | SecondQuarter | ThirdQuarter | FourthQuarter | FirstQuarter(a) | SecondQuarter | ThirdQuarter | FourthQuarter | |
| Dividends per share of Ford Common and Class B Stock | $0.80 | $0.15 | $0.15 | $0.15 | $0.33 | $0.15 | $0.15 | $0.15 |
(a)In the first quarter of 2023 and 2024, in addition to a regular dividend of $0.15 per share, we paid a supplemental dividend of $0.65 per share and $0.18 per share, respectively.
On February 5, 2025, we declared a regular dividend of $0.15 per share and a supplemental dividend of $0.15 per share.
Subject to legally available funds, we intend to continue to pay a regular quarterly cash dividend on our outstanding Common Stock and Class B Stock. The declaration and payment of future dividends is at the sole discretion of our Board of Directors after taking into account various factors, including our financial condition, operating results, available cash, and current and anticipated cash needs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.