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Here's How Many Shares of Ford You Should Own to Get $500 in Yearly Dividends
Ford stock yields a big 6.5% right now, but is the dividend safe?
Ford Motor Company (NYSE: F) stock has lost nearly 26% value in one year, as of this writing. The steep fall has driven the stock's dividend yield up to a juicy 6.5%, based on its April 11 closing price of $9.14 per share.
Even better, Ford stock's yield jumps to 8.2% if you count the special dividend of $0.15 per share it paid out on March 3 on top of its regular quarterly dividend of $0.15 a share.
That's a massive dividend yield for a cyclical stock, and it won't take much for income investors right now to earn $500 in yearly dividends from Ford stock.
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