Christmas Comes Early for Boeing Investors
Christmas Comes Early for Boeing Investors (YahooFinance)
Investors holding shares of Boeing (BA) received an early Christmas present in mid-December, when the company announced a $10 billion share buyback and a dividend increase of 50 cents. With the dividend bump included, Boeing shares will now pay 73 cents each, up from 23 cents a share 48 hours ago. In response to the buyback and dividend boost, investors drove shares up 1.83 percent in afterhours trading to hit an all-time high of $133.83. The company announced that its buyback play will be put into effect over the next 2-3 years. That announcement still wasn’t far enough in the future to dissuade investors from piling in now. What about you? Do you feel like Boeing is a good value play, or is investing in it more akin to taking a flyer?