Two dividend stalwarts, Ford and General Mills, are highlighted as solid income plays. Ford combines a new Universal EV Platform and a planned affordable EV pickup for 2027 with an upgraded production system to accelerate EV output, yielding about 4.3%; General Mills relies on strong brands and growth bets like Blue Buffalo into fresh pet food to support a long dividend history and roughly 5.2% yield. Both face challenges from competition and shifting consumer tastes but offer steady income and potential long-term upside.
The article highlights two top dividend stocks, focusing on Ford Motor Company's strategic innovations in electric vehicle production, including a new platform and assembly system, which aim to boost profitability and dividend stability, making Ford an attractive investment for income-focused investors.
Ford is recalling nearly 43,000 Bronco Sport and Escape SUVs due to fuel injectors that can crack, causing gasoline to leak onto hot engine surfaces and potentially start fires. The recall remedy includes installing a tube to direct gasoline away from hot areas and updating engine control software to detect pressure drops and reduce engine power. The company has reports of under-hood fires and warranty replacements of fuel injectors, but no crashes or injuries. Critics argue that the recall is a temporary fix and that NHTSA should do more to ensure that recalls address the root causes of vehicle problems.
The article discusses three top dividend stocks to consider investing in: Walmart, Waste Management, and Ford Motor Company. Walmart's strong market position, online retail growth, and pending acquisition of Vizio make it a promising investment for dividend growth. Waste Management's landfill network and investment in renewable natural gas production position it for steady dividend increases. Ford Motor Company's focus on electric vehicles, particularly the F-150 Lightning, and the growth of its Ford Pro segment make it an attractive option for dividend income, despite being undervalued by some investors.
The old Michigan Central Station in Detroit is causing a stir as a date, June 6, 2024, is being projected onto it, with officials teasing that answers are coming soon. Ford Motor Company, which bought the station in 2018, has been working on rehabilitating the property for the last 5 years as part of the Michigan Central Mobility Innovation District. The completion of the station was expected late last year, but with no word from Ford, it is anticipated to take another 4 to 6 months to get it ready for tenants.
Ford Motor Company's stock performance has been trending, with a +10.7% return over the past month. Earnings estimate revisions and revenue growth forecasts are key factors influencing its near-term performance. The company's Zacks Rank #3 (Hold) reflects recent changes in consensus estimates. With a strong valuation grade of A, Ford Motor Company is considered to be trading at a discount to its peers. While the stock may perform in line with the broader market in the near term, investors should consider these factors before making investment decisions.
Ford is recalling nearly 1.9 million Ford Explorer SUVs in the U.S. due to loose clips that could cause the windshield trim panels to detach while the vehicle is in motion, potentially increasing the risk of a crash. The recall covers models from 2011 through 2019, and concerns A-pillar retention clips. Owners are encouraged to contact dealers for an inspection and will receive a letter about the safety risk, with a second letter to follow when a remedy is available.
Ford Motor Company (F) has been trending as one of the most searched stocks on Zacks.com. While media releases and rumors can influence stock prices in the short term, it is important to consider fundamental factors such as earnings estimates and revenue growth. Analysts have revised their earnings estimates for Ford, with a projected decrease in earnings for the current quarter but an increase for the current fiscal year. The company's valuation suggests it is trading at a discount compared to its peers. Overall, Ford Motor Company has a Zacks Rank #3 (Hold), indicating it may perform in line with the broader market in the near term.
The share price of Ford Motor Company (NYSE:F) has experienced significant volatility in recent months, reaching highs of $13.96 and lows of $9.96. Currently trading at $9.96, the stock appears to be fairly priced, with limited room for further growth. However, its high beta suggests the potential for future price fluctuations. Looking ahead, Ford Motor is expected to see a double-digit profit growth of 16% in the coming years, indicating a positive outlook. Shareholders should consider factors such as management track record, while potential investors may want to wait for a price drop to take advantage of the company's strengths, such as its balance sheet.
