|Bid||290.25 x 100|
|Ask||290.28 x 100|
|Day's Range||287.72 - 292.80|
|52 Week Range||153.06 - 292.80|
|PE Ratio (TTM)||26.81|
|Forward Dividend & Yield||5.68 (1.99%)|
|1y Target Est||N/A|
In another boost for Boeing (BA), the high-flying airplane manufacturer announced Monday that it will raise its quarterly dividend by 20%, to $1.71 a share. The company’s payout ratio – the percentage of earnings paid out as dividends—was around 60% last year, a reasonable level that provides the company with sufficient flexibility for future increases. A big dividend increase was expected given the air framer’s strong free cash flow, though perhaps not this big.
Boeing rose as much as 3.4 percent to $291.56 after the company said it would raise its quarterly dividend by 20 percent and replace its existing share buyback program with a new $18 billion authorization. Goldman Sachs gained 1.2 percent and Bank of America rose 0.6 percent, helping lift the S&P financial index 0.36 percent. Some of the profits were taken off the table for big winners such as technology and into sectors that have not done as well, such as finance and energy," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
The S&P 500 and the Dow advanced in late morning trade on Tuesday as Boeing's shares hit a record and bank stocks rose ahead of a near certain move by the Federal Reserve to raise interest rate. Boeing rose as much as 3.4 percent to $291.56 after the company said it would raise its quarterly dividend by 20 percent and replace its existing share buyback program with a new $18 billion authorization.
Shares of Boeing Co. were surging early Tuesday, helping to power the Dow Jones Industrial Average to a triple-digit climb in morning trade. Boeing Co. was up more than 3% or $8.60 at $29`, translating ...
The Dow Jones Industrial Average edged higher on Tuesday, with a 3 percent jump in shares of Boeing and rise in financial stocks, while losses in technology stocks weighed on the S&P 500 and the Nasdaq. Boeing shares hit a record high at $292.80 after the company said it would raise its quarterly dividend by 20 percent and replace its existing share buyback program with a new $18 billion authorization.
Among the companies with shares expected to trade actively in Tuesday's session are Amazon.com Inc., Comcast Corp., General Electric Co., Boeing Co and Western Digital Corp.
The Dow Jones Industrial Average was set to open higher on Tuesday on gains from oil-related stocks and Boeing, while the S&P 500 and the Nasdaq futures pointed to a flat opening ahead of the Federal Reserve's policy meeting. The benchmark Brent crude, gained more than 1.65 percent to rise above $65 a barrel for the first time since mid-2015 after an unplanned shutdown of the UK's biggest North Sea oil pipeline.
Bitcoin prices are still hot. Tesla's stock is looking like death. And Boeing just dropped more good news on the doorsteps of investors.
Boeing and Airbus are likely to finalize hundreds of aircraft orders over the next few weeks as part of the typical year-end rush.
Airlines will be among the biggest winners if Republican tax cuts pending in Congress become law, positioning carriers to add jobs and invest more back into their companies, airline executives and industry experts say. Delta Air Lines CEO Ed Bastian said he would use tax savings to buy equipment and pay down debt, Reuters said. Reuters noted that Atlanta-based Delta does not pay federal corporate taxes due to financial losses in years past , but is set to start in 2019.
U.S. stocks ros on monday ahead of the Federal Reserve's meeting on Wednesday with the S&P 500 closing 0.3% higher, while the Dow Jones Industrial Average has advanced 0.2%. Asia-Pacific markets are muted ...
The Canadian government is set to announce a stopgap measure to replace its aging fleet of fighter jets after abandoning plans to buy planes from Boeing Co. because of a trade dispute.
The world's biggest maker of jetliners said the raised dividend and the new buyback programme were not in response to a Republican tax overhaul, which seeks to cut corporate taxes to 20 percent from 35 percent. Other U.S. corporations have said they would use the windfall from the tax overhaul to buy back shares, retire debt and other shareholder-friendly moves. The cash deployment plans reflect ongoing confidence in our financial strength and the long-term outlook of our business, Boeing Chief Financial Officer Greg Smith said in a statement.
Investing.com – US stocks closed higher on Monday led by a surge in energy on expectations of supply disruptions, while the rebound in technology continued ahead of the upcoming Federal Reserve meeting this week.
The company's shares, the best-performing Dow component this year with an 84 percent surge, were up 1.2 percent at $286.51 in after-market trading. The world's biggest maker of jetliners said the raised dividend and the new buyback program were not in response to a Republican tax overhaul, which seeks to cut corporate taxes to 20 percent from 35 percent. Other U.S. corporations have said they would use the windfall from the tax overhaul to buy back shares, retire debt and other shareholder-friendly moves.
Boeing may have gained an edge over Airbus as the jet makers battle for a Delta Air Lines order of up to 100 single-aisle jets, thanks to the Trump effect, an aerospace analyst said Monday. Veteran Bainbridge Island aerospace watcher Scott Hamilton said the Boeing's 737 Max and the Airbus A320neo are almost identical in terms of economics and performance. "Those I’ve talked to in the market think that on the merits, the choice between Airbus and Boeing is a coin toss.