Ford brings back dividend

Ford has turned the ignition on its dividend for the first time in five years, with a quarterly payout of five cents a share that the number two US automaker said it could maintain during any future downturn. The dividend, payable in March, will cost Ford about $760m (£485m) a year. The company last paid a quarterly dividend, also five cents a share, in September 2006 when Ford was in crisis mode. That same month, Ford chairman Bill Ford brought in Alan Mulally as chief executive to lead a turnaround credited with staving off a bankruptcy.