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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 50.0 points (-0.3%) at 17,316 as of Tuesday, Nov 4, 2014, 10:36 a.m. ET. During this time, 76.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 325.6 million. The NYSE advances/declines ratio sits at 984 issues advancing vs. 1,941 declining with 173 unchanged.
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Wednesday, November 5, 2014 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 73 cents per share. At a price of $125.95 as of 10:36 a.m. ET, the dividend yield is 2.3% compared to the average Dow component yield of 2.6%.

The average volume for Boeing has been four million shares per day over the past 30 days. Boeing has a market cap of $89.05 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 7.7% year-to-date as of Monday's close.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has a P/E ratio of 17.9, 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, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

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