Ford dividend cut a sign of more coronavirus troubles ahead

[TexasTowelie]

Ford Motor did what anyone would do when staring at a dramatic loss in cash flow. It took a step back and aimed to keep as much money in its pocket as possible.

Ford announced Thursday that, among other moves, it would suspend its quarterly dividend payments to shareholders. The dividend represents an annual cost of $2.4 billion to the Dearborn-based auto maker.

The most recent quarterly dividend payout was 15 cents per share, which was last paid March 2. Thursday's announcement did not specify for how long the dividend would be suspended.

Wild swings on the stock market drove up prices overall on Thursday, while Ford closed at $4.47 a share, down 3 cents or 0.67%.

Read more: https://www.freep.com/story/money/personal-finance/susan-tompor/2020/03/19/ford-dividend-payments-coronavirus/2874226001/

[NRaleighLiberal]

1. corporations gonna corporate. no surprise here.

[Wellstone ruled]

2. Here is what is the real scary part.

Our three major US autos will need 1.4 trillion cash infusion in order stay afloat.

Ford has a reserve and Credit Line that they may need to use,they already pulled 15+billion,but they do have more. GM may be a different story,their reserves are not that healthy.