Shares of Ford Motor Company (F) will begin trading ex-dividend on Wednesday, Jan. 18. To qualify for a dividend check, investors must have owned Ford shares prior to Wednesday, which is the day the company's management will finalize its roster of shareholders to whom it will mail payments.

Ford stock closed Friday at $12.63, up 0.52%. The shares have risen 4.12% year to date and posted 6.05% returns over the past three months. This compares with a 1.6% year-to-date rise in the S&P 500 (SPX) index. Ford stock has risen 3.52% over the past 12 months, while the S&P 500 has risen 18%. (See also: General Motors vs. Ford: Which Is the Better Buy?)

In its fiscal third quarter earnings results, reported in October, the Michigan-based company beat Wall Street estimates on earnings per share and on revenue. The company reported adjusted earnings of 26 cents per share, which beat analysts' projections by 6 cents, while revenue of $35.94 billion grew 0.4% year over year, beating Wall Street estimates by $2.79 billion.

Looking ahead, for the quarter that ended December, Ford is expected to deliver earnings of 34 cents per share, down from 58 cents per share a year ago, while revenue of $35.12 billion would equate to a decline of 7.2% year over year. For the full year, ended December, earnings are projected to decline 6.7% year over year to $1.80 per share, while revenue of $142.39 billion would mark a 1.3% rise year over year. (See also: Why You Can Get Some (Not All) Pickups: The 'Chicken Tax'.)

Based on Thursday's closing price of $12.63, the company's 20-cent per share (15 cents regular and 5 cent special) quarterly dividend yields 4.77% annually, or about 2.77 percentage points above the 2.00% average yield of the S&P 500 index. Ford will send its dividend payment on March 1 to shareholders of record as of Jan. 20. The stock has a consensus Hold rating and an average analyst 12-month price target of $13, implying a rise of 3% from current levels. (See also: Ford, Toyota Form SmartDeviceLink Group.)

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