Today’s dividend: Boeing

Boeing … the LeBron James of stocks.

LeBron was a lock to get picked No. 1 overall by his hometown Cleveland Cavaliers in the 2003 NBA Draft. Everyone knew he was a stud then, and, if they didn’t, they certainly know now. The Cavs knew LeBron was going to do some great things for them, but there’s no way they could’ve known just how great.

In a similar sense, I knew Boeing was going to be a solid investment for me when I picked up a share for $171.77 last February. Earnings were good, growth was good, outlook was good and the dividend was good.

What I didn’t know, though, was just how good it would be.


Boeing (BA), which has been on an absolute tear, for what seems like forever, accounted for my one and only dividend payment of the day: $1.71 for the one share I own. That single share is up more than $170 since I bought it, that’s 100% appreciation, meaning the stock doubled in value. None of the other 130 companies I own even come close to being able to say that.

Boeing’s earnings numbers are just silly ($13.43/share) and the price target of $386.78 looked like it would be crushed in no time.

I say looked because, well, Trump’s newly-announced steel tariffs will likely make Boeing’s flying fortresses a little more expensive to make. I heard Jim Cramer say those planes take some two million screws to build. Two million screws that one would think will be considerably more expensive moving forward.

Who knows, though? I could act like I have a clue, but trust me … it would just be an act. All things considered, though, I don’t see Boeing having trouble bouncing back from anything at this point.

Today’s dividend was my fourth from the company and the first for the current quarterly amount. Each of the last three were for $1.42. That said, Boeing, thanks for the 20% raise. Boeing has been boosting its dividend for six straight years, and with a payout ratio of just 42.29%, I don’t see that streak coming to an end any time soon.

This week’s steps

I’ve earned at least one dividend every day this week. Yesterday’s combined $8.51 got the month off to a great start. Royal Bank of Canada ($0.72) passed a little something my way Monday, Fastenal ($0.37) and Lazard ($1.71) paid me Tuesday and Bank of Montreal ($1.46), Ameriprise Financial ($0.83) and Simon Property Group ($1.95) accounted for Wednesday’s steps.

Those, coupled with today’s combined $1.71, add up to $17.26 so far this week.

Last week’s steps

Last week was another steady one for me. Friday’s dividends, coupled with Tuesday’s $0.10 payment from American Airlines and Monday’s $0.60 divi from MDC, gave me a total of $4.50 in passive income for the week. I also picked up a share of AvalonBay Communities, which boosted my forward annual dividend income by $5.88.

March on!

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