Ford (F) stock has traded in a tight price channel over the last five years. It has tended to bottom near $10, while witnessing selling pressure above $15. However, the stock has rallied over the last month and is now trading at the highest price level in nearly four years.
The rally is a welcome break for investors. The only succor has been the generous dividends, which the company has topped up with special dividends in the previous three years to meet its payout targets. However, even the fat dividends don’t make up for the massive underperformance versus the average S&P 500 Index ($SPX) constituent over the period.
