Embattled Boeing Conserves Cash, Suspends Dividend
Boeing (NYSE: BA), under pressure from coronavirus and with a stock down 72% in the past month, sent out an S.O.S. this week.
On Tuesday, the company asked Congress to fund a $60 billion bailout package. Then on Friday it dropped the bombshell. With no bailout having yet been approved, it will "suspend its dividend until further notice" and also "extend its pause of any share repurchasing until further notice."
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Source Fool.com
