02-22-2023, 07:12 PM
Ford’s stock performance last month was driven by a steady stream of product-related announcements, including securing battery supplies for its upcoming electric vehicles, as well as a 14.6% increase last week amid the company reporting second quarter results that beat Wall Street’s expectations.
Ford last week also reiterated its previous guidance for the full year and said that it will increase its quarterly dividend to 15 cents per share, the amount it paid before the Covid-19 pandemic.
Ford significantly outperformed GM, which was up by 14.2% last month, as well as other U.S.-listed automakers such as Stellantis (up 16.3%), Ferrari (up 15.1%) and Toyota Motor (up 5.5%). It failed to outperform others such as Rivian, which was up 33.3% last month, and Tesla, up 32.4%
Ford last week also reiterated its previous guidance for the full year and said that it will increase its quarterly dividend to 15 cents per share, the amount it paid before the Covid-19 pandemic.
Ford significantly outperformed GM, which was up by 14.2% last month, as well as other U.S.-listed automakers such as Stellantis (up 16.3%), Ferrari (up 15.1%) and Toyota Motor (up 5.5%). It failed to outperform others such as Rivian, which was up 33.3% last month, and Tesla, up 32.4%