DEARBORN (dpa-AFX) - Ford Motor Co. (F) Tuesday said it expects to deliver record 2015 pre-tax profit and to continue its momentum in 2016 with results that are equal to or higher than 2015.
'As we close out 2015, we are benefiting from six consecutive years of consistently strong results, and our performance is allowing us to reward our shareholders,' said Mark Fields, Ford president and CEO.
Ford declared a first quarter dividend of $0.15 per share and a $1 billion supplemental cash dividend that is equal to $0.25 per share. The first quarter regular dividend maintains the same level as the dividends paid in 2015.
Looking forward, Ford expects to sustain its strong financial performance in 2016 - with automotive revenue equal to or higher than 2015, automotive operating margin equal to or higher than 2015 and strong Automotive operating-related cash flow.
The company expects its 2016 pre-tax profit, excluding special items, to be equal to or higher than 2015, and its operating earnings per share to be about equal to or higher than 2015.
Copyright RTT News/dpa-AFX
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