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Boeing (NYSE: BA ) is making like its Dreamliner and lifting a new dividend into the sky. The company announced it will distribute $0.485 per share of its stock on June 7 to shareholders of record as of May 10. That matches the aerospace firm's most recent disbursement, which was handed out in mid-February. Prior to that, the dividend was $0.44 per share.
The move follows the release of the company's Q1 earnings last week, in which it posted a 20% increase in bottom line and an 18% climb in EPS.
The dividend annualizes to $1.94 per share. That yields 2.1% at Boeing's current stock price of $91.90.