Boeing CEO to Investors: Don't Expect to See a Dividend for "3-5 Years"
It's been a little more than a month now since Boeing (NYSE: BA) told investors it will stop paying its dividend "until further notice." It could be another three to five years before they get it back.
Boeing CEO Dave Calhoun, speaking at the Boeing annual shareholders meeting, warned that, as a result of the COVID-19 crash in air travel and the tremendous destruction in demand for airplanes that resulted from it, Boeing is going to have to "borrow more money in the next six months in order to get through this really difficult moment," Reuters reports.
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Source Fool.com
