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Ford declares fourth quarter dividend

Ford headquarters in Dearborn, Mich.

Ford, one of the Calumet Region's largest industrial employers, declared a dividend of $0.15 in the fourth quarter.

The Dearborn, Michigan-based automaker, which operates the Chicago Assembly Plant on the banks of the Calumet River in Hegewisch and the Chicago Stamping Plant in Chicago Heights, will pay out the same dividend it did during the first, second and third quarters of this year.

The fourth-quarter dividend will be paid on Dec. 3 to those who hold Ford stock on Oct. 23.

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The automaker, which currently employs about 5,290 workers in Hegewisch and the south suburbs, plans to announce its third-quarter results at 3:15 p.m. next Wednesday.

Ford President and CEO Jim Hackett, Executive Vice President and Chief Financial Officer Bob Shanks and other members of the senior management team will have a conference call with analysts and investors at 4:30 p.m. Oct. 24 to discuss the company's financial performance over the last three months.

In addition to directly employing auto workers, Ford relies upon a network of local auto suppliers, including Lear Corp.'s seat-making factory that employs around 875 people in Hammond.

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Business Reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.