Boeing Company (The) (NYSE:BA) declared a quarterly dividend on Monday, December 11th, RTT News reports. Shareholders of record on Friday, February 9th will be paid a dividend of 1.71 per share by the aircraft producer on Friday, March 2nd. This represents a $6.84 annualized dividend and a yield of 2.42%. This is an increase from Boeing’s previous quarterly dividend of $1.42.

Boeing has raised its dividend by an average of 31.0% annually over the last three years and has raised its dividend every year for the last 5 years. Boeing has a payout ratio of 56.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Boeing to earn $11.05 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 51.4%.

Shares of Boeing (NYSE:BA) opened at $283.16 on Tuesday. Boeing has a fifty-two week low of $153.06 and a fifty-two week high of $287.32. The firm has a market cap of $170,275.89, a price-to-earnings ratio of 29.32, a PEG ratio of 2.18 and a beta of 1.24. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same period last year, the business earned $3.51 EPS. Boeing’s revenue for the quarter was up 1.7% compared to the same quarter last year. sell-side analysts anticipate that Boeing will post 10.1 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in shares of Boeing by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after purchasing an additional 4,852,679 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Boeing by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,425,813 shares of the aircraft producer’s stock worth $281,955,000 after buying an additional 30,471 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of Boeing by 19.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,252,672 shares of the aircraft producer’s stock worth $247,711,000 after buying an additional 206,770 shares during the period. Koch Industries Inc. boosted its holdings in shares of Boeing by 61,128.7% in the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after buying an additional 848,467 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Boeing by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 760,672 shares of the aircraft producer’s stock worth $150,424,000 after purchasing an additional 23,390 shares in the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.

Several brokerages have recently weighed in on BA. Wells Fargo & Company reaffirmed a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of Boeing in a report on Wednesday, September 20th. Zacks Investment Research downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price objective on the stock. in a report on Wednesday, August 16th. Sanford C. Bernstein restated an “outperform” rating and set a $303.00 target price (up previously from $274.00) on shares of Boeing in a research report on Wednesday, September 20th. They noted that the move was a valuation call. Finally, Credit Suisse Group restated an “outperform” rating and set a $310.00 target price (up previously from $300.00) on shares of Boeing in a research report on Tuesday, October 24th. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $260.42.

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Boeing Company Profile

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 (NYSE:BA)

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