It's no longer a question of whether Ford will reinstate a dividend for shareholders, but when the Dearborn automaker finally does it.
For months, the company has said that it would never consider paying out a dividend until the credit rating agencies restore Ford to investment grade status. But on a conference call with analysts and reporters to discuss the new contract between Ford and the UAW, Ford executives said an investment grade credit rating is not a requirement for a dividend.
Read between the lines and it's clear Ford will commit to the dividend sooner rather than later. My guess? Expect an announcement when Ford reports 3Q earnings next week.
When I asked Ford CEO Alan Mulally about restoring the dividend, he said, "No decision has been made, but the company is committed to making it happen."
So what can Ford shareholders expect for a payout?