All It Takes Is 1,700 Shares of This High-Yielding Dividend Stock to Generate Over $1,000 in Yearly Dividends.

It's embracing hybrid vehicles and investing in other new technologies.

Investors considering Ford Motor Company (NYSE: F) have some pluses and minuses to weigh as they decide.

A big plus for the company is its dividend, which recently yielded a solid 4.25%. With that kind of yield, you could generate more than $1,000 in annual income if you owned around 1,700 shares. Those shares would cost you about $23,400, as of Aug. 6.

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Why invest in Ford? Well, it has been working to turn around its fortunes, and management is optimistic, having recently increased its projections . The stock has averaged annual gains of roughly 5% over the past five, 10, and 15 years, but it's up around 33% over the past year.

In its second quarter, announced in late July, Ford reported a decline in revenue, citing "lower wholesale volumes, including the discontinuation of products, aluminum supply constraints, and the right-sizing of Gen-1 electric vehicle volumes to customer demand..." CEO Jim Farley noted, "We delivered another strong quarter and raised our full-year guidance, but the more important story is the growing evidence that Ford is becoming a more profitable, more disciplined, and genuinely different company."

Ford has been expanding its scope, too -- offering hybrid vehicles and even expecting to offer eyes-off, hands-free vehicles in 2028, which is not very far away.

The stock's valuation is another attraction. Its price-to-sales recently was an ultra-low 0.30, and its forward-looking price-to-earnings (P/E) ratio was just 8.