On Sunday American motor vehicle manufacturer Ford Motor Company (F) reported that it expects to sell 2.2 million vehicles in 2012, eclipsing the 2 million mark for the second year in a row.
The Dearborn, Michigan-based American car giant says the the Ford Focus is the company’s most popular model, selling 737,856 units of the model through September. The Ford Fiesta and Ford F-series trucks are other popular models for the company.
Ford shares were flat in premarket trading. The stock is up +19.61% year-to-date.
The Bottom Line
Shares of Ford (F) have a 1.55% dividend yield, based on Friday’s closing stock price of $12.87. The stock has technical support in the $11.00-$11.50 price area. If the shares can firm up, we see overhead resistance around the $14 price level.
Ford Motor Company (F) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.