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Originally Posted by 96z28ss
Just got another raise. Ford (F) just raised dividend 25% to $0.125 per share.
I bought some in May of 2012 and kept adding to it thru July 2012. The dividend was $0.05 when I first got some. You just got to love getting these increases, not to mention the growth on share price.
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I own a few shares of Mother Ford (F).... (20,000)... My average cost is $16.12 so I'm not too underwater.... Raising the dividend is the same reason I bought Wells Fargo (WFC) bank (10,000 at an average cost of $39.90)... they just started back with their dividends -- they're profitable -- well run -- and have a history of rewarding the shareholders. I'm hoping over time that WFC doubles and triples the div...
I sold half the WFC I was holding only because I had a very nice gain in the shares - well ahead of what I expected - so took half that gain and held the rest. As it is I have a $62,000 unrealized gain still on the books! That's a keeper.
Ford also has a history of splitting... Not that anyone should buy anything on a lick and a promise. You have to be happy owing it as is -- and anything that comes in the future is just icing.