Chicago-based Boeing Co. today declared a regular quarterly dividend of 42 cents per share. The dividend is payable Sept. 4 to shareholders of record as of Aug. 7.
The company’s Chairman, President and CEO Jim McNerney reported the action taken by its board of directors.
Trading on the New York Stock Exchange saw Boeing (NYSE: BA) down 3.19 percent to close at $46.90 as the broad market lost 2.4 percent — the most in two months — on falling commodity prices and a selloff in financial stocks.
A morning article in Wall Street Journal outlined the continuing challenges facing the aerospace giant, even if its 787 Dreamliner makes its first flight within the next seven days as Boeing has repeatedly pledged.