Boeing Stock, Share Price And Investing Info | Focus on US Stock Market Today
What is Boeing?
Boeing is a U.S-based aviation company that manufactures aircrafts for commercial and defense purposes, as well as the security systems and after sales support to its customers. The company is also involved in the production of space crafts, thus its involvement in aerospace. (Source: Boeing)
Boeing history and operations
The plane manufacturer was founded in Seattle, Washington, in 1916. It was created as an aero products company by William E. Boeing, a timber merchant, after he created a two-seat single engine plane in partnership with Conrad Westervelt, a U.S naval officer at the time. The company had a great start building airplanes for the NAVY during World War and later built planes for airmail. It eventually transitioned into commercial airline operations in 1928. (Source: Britannica)
Boeing has been developing commercial planes for airlines across the globe. It has so far done business with clients in more than 150 countries. Its products include aircraft and communication systems, advanced information systems, weapons and defense systems, satellite systems, training, and performance-based logistics. Its services exist under commercial or government services.
Boeing’s management –
Boeing has been around for more than a century now and it has enjoyed immense success during that time. One of the reasons for that success is the company’s strong leadership. Here is a list of Boeing’s current management team.
- David L. Calhoun- Chief Executive Officer and president.
- Bertrand-Marc Allen- Chief Strategy officer and senior VP of strategy and corporate development.
- Leanne Caret- Boeing’s executive vice president, CEO of space, defense and security division.
- Michael Arthur- Boeing’s senior VP and President of Boeing International.
- Uma Amuluru- VP of compliance
- William A. Ampofo II- VP of supply chain and enterprise process council.
- Michael D’Ambrose- executive VP of human resources.
- Ted Colbert- executive VP and head of Boeing’s global services.
- Stanley A. Deal- President and CEO of commercial airplanes.
- Ed Dandridge- senior VP of communications.
- Grant M. Dixton- corporate secretary, general counsel and senior VP
- Michael P. Delaney- Boeing’s Chief Aerospace Safety Officer.
- Susan Doniz- Boeing’s Chief Information Officer and senior VP of data analytics and information technology.
- Brett C. Gerry- Boeing’s Chief Legal Officer And executive VP of global compliance.
- Dave Dohnalek- senior VP of treasury.
- Greg Hyslop- Boeing’s Chief engineer, executive VP of engineering, Testing & Technology.
- Christopher (Chris) Raymond- head of sustainability
- Greg Smith- Chief Financial Officer.
- Kevin Schemm- head of enterprise finance.
Boeing share price and performance
Boeing shares are publicly traded on the NYSE under the ticker BA. Boeing share price closed the latest trading session at $212.88 after a 2.11% overall decline during the session compared to the previous closing price, and its market cap was $124.108 billion. The stock price’s performance has been in the green for the last four weeks with a low of $192.77 and a high of $220.01. The share price is currently in the mid-level of its 52-week range where the 52-week low is $89 while the 52-week high is $320.64. (Source: Yahoo Finance)
The stock price performance has made significant recovery after the pandemic-induced slump, which saw the price reach its 52-week low. However, Boeing’s share price is yet to recover to pre-COVID levels, although the current recovery is adequate considering that many airlines have resumed their operations. The ongoing economic recovery will allow Boeing to resume its service fully, and analysts expect this to be accretive to its share price performance moving forward.
Boeing dividend policy
Boeing maintains a strong relationship with investors, particularly through its dividend policy. That has been the case from as early as 1937 when it issued the first recorded dividend at $0.40 per share. The announced dividend was a consistent $1 per share from 1942 to 1950, after which it would oscillate between $1 and $2 up to 1953. After that, the annual dividend dropped to sub-$1 per share. (Source: Boeing)
The stock showed improved performance, especially in the last five years or so. The dividend payouts went up above $1 once again in 2015, with the announced payout for that year and 2016 amounting to $1.09. By 2017, each dividend payout was $1.42 per share, $1.71 in 2018, and it peaked at $2.055 in 2019. Note that there was no dividend payout in 2020 because of the coronavirus pandemic, which severely affected Boeing and the entire airline industry. Company executives also announced that they would forego their pay for the whole year alongside the dividend suspension. (Source: CNBC)
Boeing shares have gone through numerous stock splits over the years, thus affecting the dividend policy. The first Boeing stock split took place in 1952, and there have been 15 stock splits over the years. The last one took place in 1997.
What to expect from Boeing moving forward
The past was especially rough on the company as its business activities were severely impacted, and subsequently, its revenue took a hit. The commercial air travel segment is a key area for Boeing as far as revenue generation is concerned. However, the company has a diverse portfolio that includes military air crafts, air defense systems, and satellites, which provided some cushioning against the pandemic’s blows.
The company executives are confident about Boeing’s ability to bounce back from the pandemic-induced fallout. Boeing has also been working hard to align itself with the push for renewable energies and less pollution. The company announced in January 2021 that it plans to deliver planes that can fly on 100% sustainable fuels by 2030.
The announcement aligns with the airline industry’s resolve to reduce carbon emissions. The airline industry consumes a lot of fuel to run planes. Those planes produce a lot of carbon emissions, and thus the push to greener energies is bound to push innovation in the airline industry. Boeing is already preparing for that, thus underscoring its commitment to leading the airline industry into the future.
Sustainable fuels can be generated from organic waste. The company has been developing engines that can run on such fuels for quite some time. In 2018 it conducted a test run of the first flight with a 777 Freighter running on 100% sustainable fuels. This focus on renewable energies might sustain the company’s business model well into the future. (Source: Boeing)