Are you on the hunt for a solid dividend stock that yields slightly more than the broader market? If so, then you could do a lot worse than Boeing (NYSE:BA), the nearly 100-year-old aerospace company headquartered in Chicago.
The virtues of Boeing from a dividend investor's perspective are numerous. In the first case, it yields 2.3% compared to the S&P 500 which yields 2%. In the second case, it's only paying out 33% of its earnings to shareholders, implying that it still has significant room to increase its quarterly distribution in the future. Finally, it has a decades-long history of uninterrupted payouts that have grown considerably over time.
It's for these reasons, in turn, that Motley Fool contributor John Maxfield concludes in the video below that there's every reason to believe that Boeing is a great dividend stock for income-seeking investors to buy today.
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John Maxfield has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.