Ford Stock a Buy for Its Dividend?

Ford’s dividend track record has been uneven across major macro events like the Great Recession and the COVID-19 pandemic, but it has been steadier since 2022. With Ford shares trading around $13, the dividend yield is described as above 4.5%, well higher than the S&P 500 average. The quarterly payout of $0.15 has not grown since 2022, while management recently raised full-year guidance to $10 billion to $11 billion in EBIT and $6 billion to $7 billion in adjusted free cash flow. The article says that should cover the dividend with room to spare, despite the EV unit reportedly losing about $4 billion per year. It points to a pivot toward energy storage as a potential growth driver.