Ford Stock Buyback

By: AP
By: AP
Ford says it will buy back $1.8 billion in stock.

Ford is recalling nearly 435,000 cars and SUVs to fix rusting frame parts or faulty seats.

Ford says it will buy back up to about 116 million shares of company stock worth about $1.8 billion.
The Dearborn, Michigan-based automaker says the buybacks will help offset potential dilution from convertible debt and stock-based compensation for employees. Those can increase the number of shares on the market and weigh on per-share earnings. By buying back its shares, Ford can help boost its earnings per share.
The price tag is based on Wednesday's closing price of $15.46 per share.
Ford Motor Co. shares rose nearly 1 percent to $15.60 in after-hours trading Wednesday. They closed down 10 cents at $15.46. The stock's value is nearly unchanged in 2014.


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