InvestorGreg.net is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. That's how we make money. This compensation may impact how, where and in what order products appear. InvestorGreg.net does not include all companies or all available products. We will never allow advertisers to influence our opinion of financial products that appear on this site.
Boeing Will Spend $20 Billion to Buy Shares. Quotes Immediately Soared by 4%
Boeing’s shares rose appreciably after the world’s largest aerospace giant increased its quarterly dividend by 20%, and the size of the share repurchase program is up to $20 billion.
The Boeing Aircraft Corporation has increased its quarterly dividend by 20% to $2,055 per share. The company also announced an increase in the share repurchase program from the market by $2 billion, to $20 billion. The quotes responded with growth by 4%.
Analysts from the UBS Swiss bank recommend buying Boeing’s shares, expecting their growth in the next 12 months by 66.5% from the current level of the quotations. The analysts set the annual goal of the shares at $515.
Predicting the growth of Boeing’s shares in the coming year perspective, UBS’s analysts also proceeded from the company’s expectations of a 15%-20% increase in dividends, while a consensus forecast suggested only a 10%-12% increase in dividends.
Recommended Financial Products
Suggested For You
Most Popular News