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Boeing Declared Quarterly Dividend of $1.71 Per Share

Samuel Prince
Boeing Declared Quarterly Dividend of $1.71 Per Share

On June 25, Boeing (BA), the jet plane manufacturer, announced a quarterly cash dividend of $1.71 per share on its outstanding common stock. The world’s largest aerospace company’s quarterly dividend is payable on September 7 to shareholders of record as of August 10. Boeing has ~582.6 million common shares outstanding as of June 26. A dividend of $1.71 per share translates to a total quarterly cash outlay of ~$997 million. The defense system provider has paid cash dividends on equity shares every year since 1942.