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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links.

The Dow Jones Industrial Average ( ^DJI) is trading down 117.0 points (-0.7%) at 15,495 as of Tuesday, Aug 6, 2013, 10:35 a.m. ET. During this time, 93 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 580.1 million. The NYSE advances/declines ratio sits at 529 issues advancing vs. 2,343 declining with 93 unchanged.
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Wednesday, August 7, 2013 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 49 cents per share. At a price of $107.52 as of 10:35 a.m. ET, the dividend yield is 1.8% compared to the average Dow component yield of 2.6%.

The average volume for Boeing has been 5.7 million shares per day over the past 30 days. Boeing has a market cap of $81.4 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 43.2% 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 19.7, equal to the average aerospace/defense industry P/E ratio.
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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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

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