5 Best Consumer Cyclical Dividend Stocks to Buy Now

3. Ford Motor Company (NYSE:F)

Dividend Yield as of November 1: 4.51%

Ford Motor Company (NYSE:F) is a Michigan-based multinational automobile manufacturer that specializes in commercial vehicles and other related automobiles. The company raised its dividends twice after the pandemic during which it ceased its payouts for nearly two quarters. Its quarterly dividend currently stands at $0.15 per share and has a dividend yield of 4.51%.

Ford Motor Company (NYSE:F) recently announced its third-quarter earnings and showed solid growth on various accounts. The company’s cash position remained strong as it reported $3.8 billion in operating cash flow and its adjusted free cash flow came in at $3.6 billion. Moreover, its revenue of $37.2 billion showed a 12% growth from the same period last year.

Morgan Stanley presented a positive stance on automobile companies and called them solid cash generators in the current environment. In view of this, the firm maintained an Overweight rating on Ford Motor Company (NYSE:F) in October, with a $14 price target.

At the end of the June quarter, 46 hedge funds in Insider Monkey’s database owned stakes in Ford Motor Company (NYSE:F), the same as in the previous quarter. The collective value of these stakes is over $608.7 million.

Leaven Partners mentioned Ford Motor Company (NYSE:F) in its third-quarter 2022 investor letter. Here’s what the firm said:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Ford (NYSE:F), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%^[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.”