Will Boeing Skip Its Dividend Hike in 2020?
The aerospace industry has been extremely successful over the past decade, and manufacturing giant Boeing (NYSE: BA) has been one of the biggest beneficiaries. Strong demand from airlines seeking to modernize their fleets has driven massive order flows, and Boeing's backlog is so large that it'll take years for the company to deliver all the planes that its customers have ordered.
Yet as nearly everyone knows, Boeing has faced challenges recently. With its new 737 MAX aircraft grounded for almost a year now after two major accidents, Boeing has had to look at production cuts and other measures. The plane crashes also promise to have large financial impacts. One recent sign of the stress on Boeing came with what's ordinarily the routine matter of announcing its quarterly dividend. Many income investors weren't happy with the latest news from the aircraft manufacturer, and it's calling into question whether Boeing will be able to extend an eight-year streak of higher dividend payments in 2020.
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Source Fool.com
