Ford to buy back pounds 2bn in stock

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The Independent Online
Ford to buy back pounds 2bn in stock

The Ford Motor Company intends to buy back around $2bn of its own preferred stock and is considering the sale of parts of USL Capital and part of The Associates Corp, the non-automotive financing businesses in its financial services group. Ford announced it was increasing the fourth quarterly dividend on its common and class B shares by 13 per cent to $0.35 cents a share, making the fourth rise since the first quarter of last year.

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