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Boeing Climbs On Payout Plan -- Market Talk
DOW JONES & COMPANY, INC. 8:32 AM ET 12/12/2017
Symbol Last Price Change
BA 283.16down 0 (0%)
LMT 316.17up 0 (0%)
QUOTES AS OF 04:01:20 PM ET 12/11/2017
08:32 ET - Boeing(BA) shares are up 2% in pre-open trade after boosting its dividend by a higher-than-expected 20%-- compared with an average of 8% among peers--and raising its buyback authorization to $18B. The dividend hike takes its payout yield close to sector leader Lockheed Martin(LMT), and with Boeing(BA) still distributing less than 100% of free cash flow, there's room for more if the production ramp continues smoothly. ([e-mail]; @dougcameron)