Diamonds and Dogs
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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.