Markets
BA

Boeing Suspends Dividend; CEO, Chairman To Forgo Pay Through End Of 2020

(RTTNews) - Boeing Co. (BA) announced that its chief executive Dave Calhoun and Board Chairman Larry Kellner will forego all pay until the end of 2020 to navigates COVID-19 crisis.

The company also said it will suspend its dividend and will extend its pause of any share repurchasing until further notice. The company previously suspended its stock buyback program in April of 2019.

Boeing said late on Friday that it is drawing on all of its resources to sustain operations, support its workforce and customers, and maintain supply chain continuity through the COVID-19 crisis and for the long term.

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

In This Story

BA

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More