Dow Component Boeing (BA) To Go Ex-dividend Tomorrow

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 88 points (+0.7%) at 13,200 as of Tuesday, Nov 6, 2012, 10:35 a.m. ET. During this time, 104.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 573.4 million. The NYSE advances/declines ratio sits at 1,903 issues advancing vs. 897 declining with 139 unchanged.
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Wednesday, November 7, 2012 is the ex-dividend date for Dow component Boeing (NYSE: BA). Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $71.46 as of 10:35 a.m. ET, the dividend yield is 2.5% compared to the average Dow component yield of 2.8%.

The average volume for Boeing has been 4.4 million shares per day over the past 30 days. Boeing has a market cap of $52.82 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 4% year to date as of Monday's close.

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has a P/E ratio of 12.3, above the average aerospace/defense industry P/E ratio of 12.1.
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TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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