Wall Street: Ford's Two-for-One

After months of rumor, the Ford Motor Co. finally did it. In May, Ford's board announced, the company will ask its stockholders to approve a two-for-one stock split that will increase the number of outstanding Ford shares to 110 million. At the same time, Ford directors made the ownership of Ford stock a bit more attractive by increasing the quarterly dividend from 75¢ to 90¢.

Ford's decision to split its stock was taken with a sharp eye on auto sales charts. Ford shares, issued at $64.50 five years ago when Ford went public, have climbed to a high of $117.50—a...

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