Data sourced from NYSE via Xignite
Chart the performance of an investment in NYSE:F
Ford Motor Company was founded by Henry Ford and incorporated in Michigan on June 16, 1903. The corporation’s common stock was entirely owned by Henry Ford and a small group of local investors. In 1919, Henry Ford bought out all of these investors and reincorporated the company in the State of Delaware. From 1919 to 1956, all stock in the company was owned by members of the Ford Family, the Edison Institute and the Ford Foundation.
First offered to the public on January 18, 1956, when the Ford Foundation began to sell its stock in the company. The price was $64.50 per share.
The stock first traded on the New York Stock Exchange on March 7, 1956. The stock “split” six times since it was issued. The splits and their payment dates, which appear on the actual certificates, were:
May 31, 1962
May 24, 1977
December 1, 1983
June 2, 1986
January 12, 1988
July 5, 1994
The Value Enhancement Plan (VEP) was implemented on August 2, 2000. Under the VEP, Ford shareholders exchanged each of their old Ford common or Class B shares for one new Ford common or Class B share, as the case may be, plus either $20 in cash (Option 1), 0.748 additional new Ford common shares (Option 2), or a combination of $5.17 in cash and 0.555 additional new Ford common shares (Option 3). These amounts were based on the volume weighted average price of Ford stock of $46.7317 for the period July 24-28.
Ford Motor Company has spun-off to Common and Class B shareholders its holdings in two former subsidiaries:
The Associates First Capital Corporation [NYSE:AFS]
Visteon Corporation [NYSE: VC]