Boeing Increases Dividend by 10%; Restarts Share Buybacks (BA)


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Late Monday aerospace firm The Boeing Company ( BA ) announced a rise in its next quarterly dividend payout and also reported that it is planning a $1.5 billion to $2 billion share buyback in 2013.

The Chicago, Illinois-based company said that it is raising its quarterly dividend payment from 44 cents per share to 48.5 cents per share, a +10% increase. The dividend will be paid on March 8, 2013 with an ex-dividend date of February 15.

The company also reported that its share buyback plan, approved in 2007, will restart in 2013. The money used to fund the dividend hike and share buybacks is from the increased cash flow from its new 787 plane and a positive growth outlook.

Boeing shares were down 14 cents, or -0.19%, in premarket trading on Tuesday.

The Bottom Line
Shares of Boeing ( BA ) have a 2.60% dividend yield, based on last night's closing stock price of $74.65. The stock has technical support in the $70-$72 price area. If the shares can firm up, we see overhead resistance around the $76-$78 price levels.

The Boeing Company ( BA ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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