(Reuters) - Ford Motor Co doubled its quarterly dividend to 10 cents per share, its highest in seven years, on the back of strong sales in North America and a healthy balance sheet. The first-quarter payout, which will cost No. 2 U.S. automaker about $370 million, comes despite recent market share losses and weakness in its European business. "Ford's plan is to grow its dividend, consistent with earnings and liquidity growth, to a level that is sustainable through all business cycles," the company said in a statement. Ford last paid a 10-cent dividend in May 2006. ...