The automaker said Thursday that the payout is part of its goal of delivering profitable growth for all of its stakeholders.
Shares rose 3 percent in premarket trading to $13.47, just shy of their 52-week high.
Ford said its liquidity has increased by $2 billion through the first three quarters of 2012. The first-quarter dividend will be paid on March 1 to shareholders of record as of Jan. 30.
Ford, based in Dearborn, Mich., resumed paying a dividend in March after halting the payments because of financial problems. It has since paid a dividend of 5 cents each quarter.
The company said the last time it paid a 10-cent dividend was in June 2006.