Valued at $40.6 billion, Ford Motor (F) is one of the most well-known names in the automotive industry. Ford has also attracted income investors, with a forward dividend yield of 5.9%, excluding special dividends. This is significantly higher than the consumer discretionary sector average of 1.9%.
However, like all legacy automakers, Ford faces challenges from emerging competitors, volatile economic conditions, and a constantly evolving automotive industry. So far this year, the stock is up 3.2%, while the S&P 500 Index ($SPX) is down 1.7%. Let’s find out if this dividend-paying stock is worth buying right now.
