Diamonds and Dogs

12/12/17

Boeing (BA) lifting the Dow once again. The aerospace behemoth is up 3% lifting the Dow to new highs thanks to a dividend hike and a new share buyback. Boeing boosted its quarterly dividend by 20.4% while also authorizing a new stock repurchase plan of $18 billion, which replaces the existing share buyback program. These initiatives are likely to allow investors share the benefits of soaring airliner deliveries. Boeing has increased its dividend per share by more than 250% over last five years. Boeing's stock is up 86% year to date yet JP Morgan upgraded the stock with a $325 price target.

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