If You Invested $500 in Boeing's IPO, This Is How Much Money You'd Have Now
Boeing (NYSE: BA) is one of the pioneering names in aviation, and the company in recent years has been one of the top-performing stocks among industrial companies. Boeing shares have gained more than 145% over the past three years, easily outpacing the S&P 500's 44% gain, and the shares are up more than 600% over the past 10 years.
Investors who bought in 2009 are undoubtedly pleased with their investment. But how much could you have made if you bought in during Boeing's initial public offering?
Boeing began trading on the New York Stock Exchange on Jan. 2, 1962, according to data provided by the company's investor relations department. The shares traded for $0.8230 apiece that day, so $500 would have bought about 607.5 shares. The company completed eight stock splits between 1966 and 1997, and paid a dividend at the end of every quarter since listing on the exchange.
Source Fool.com
