Boeing Company (The) (NYSE:BA) to Issue $1.42 Quarterly Dividend
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.
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