Boeing Company (The) (NYSE:BA) declared a quarterly dividend on Monday, June 26th, RTT News reports. Investors of record on Friday, August 11th will be paid a dividend of 1.42 per share by the aircraft producer on Friday, September 1st. This represents a $5.68 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, August 9th.

Boeing Company (The) has increased its dividend by an average of 31.0% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Boeing Company (The) has a payout ratio of 56.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Boeing Company (The) to earn $10.63 per share next year, which means the company should continue to be able to cover its $5.68 annual dividend with an expected future payout ratio of 53.4%.

Boeing Company (BA) opened at 240.23 on Tuesday. The firm has a market cap of $142.00 billion, a PE ratio of 21.05 and a beta of 1.16. The company has a 50-day moving average price of $207.88 and a 200-day moving average price of $185.18. Boeing Company has a one year low of $126.31 and a one year high of $246.49.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same period in the prior year, the business posted ($0.44) earnings per share. Boeing Company (The)’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts predict that Boeing Company will post $9.95 earnings per share for the current fiscal year.

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In related news, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert E. Verbeck sold 2,522 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $244.45, for a total transaction of $616,502.90. The disclosure for this sale can be found here. Insiders sold 83,334 shares of company stock valued at $20,321,493 in the last three months. Company insiders own 0.28% of the company’s stock.

A number of research firms have recently weighed in on BA. Vetr downgraded shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target on the stock. in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Credit Suisse Group raised shares of Boeing Company (The) from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $200.00 to $300.00 in a research note on Thursday, July 27th. UBS AG upped their price target on shares of Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $228.31.

About Boeing Company (The)

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Dividend History for Boeing Company (The) (NYSE:BA)

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