Boeing (BA) Dividends

Dividends Boeing paid a dividend per share of $1.81 in 2012 an increase of 6.5% YoY. The company also paid dividends of $0.485 per share in 3QFY13 and is on track to pay an annual dividend of $1.90 per share by the end of the year. Boeing's payout ratio on the other hand has varied greatly as its free cash flows have fluctuated from negative $2 billion in 2007 to $5.8 billion in 2012. Dividend Per Share vs. Dividend Payout Ratio Dividends Per Share Dividend Payout Ratio $2.00 100.0% $1.80 90.0% 80.0% $1.60 70.0% $1.40 60.0% $1.20 50.0% $1.00 40.0% $0.80 30.0% $0.60 20.0% 2002 2004 2006 2008 2010 2012 Free Cash Flows (in millions) $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $- FY08 FY09 FY10 FY11 FY12 $(1,000) $(2,000) $(3,000) While the company has raised dividends YoY, its five-year growth rate has fallen from 19% in 2008 to 4.5% in 2012. The company's 2012 cash dividend coverage of almost 2.9 times the payout shows the company's ability to keep paying its dividends. The company has maintained a coverage ratio of at least one times its payout since 2003. Cash Dividend Coverage 4x 3.5x 3x 2.5x 2x 1.5x 1x 0.5x FYO3 FYO4 FY05 FYO6 FY07 FYO8 FY09 FY1O FY11 FY12 BIDNESS SOURCES: Company Data, SEC filings, Bloomberg Professional Services Etc. DISCLAIMER: Bidness Etc(TM) and related marks are owned by Bidness Etc. Any other trademarks appearing on this website are the property of their respective owners, and are not used to indicate the origin of goods or services offered or provided by Bidness Etc herein or to suggest approval for or affiliation with Bidness Etc.