Driving Ford's Dividends After Its Upgrade: How Much Would You Need To Earn $500 Per Month?
Portfolio Pulse from AJ Fabino
Following an upgrade from Jefferies, Ford Motor Co (NYSE:F) shares rose about 5%. Analyst Philippe Houchois upgraded Ford from Hold to Buy, raising the price target from $13 to $16. To generate a monthly dividend income of $500, an investor would need to own approximately $126,849.89 worth of Ford stock, or 10,060 shares.
May 30, 2023 | 7:04 pm
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Ford shares rose 5% after Jefferies upgrade, with a new price target of $16. An investor needs to own 10,060 shares to generate $500 monthly dividend income.
The Jefferies upgrade and new price target of $16 positively impact Ford's stock price. The article provides a detailed calculation for investors to generate $500 monthly dividend income, which may attract more investors to the stock, driving its price up in the short term.
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