Boeing (NYSE:BA) shareholders must be feeling good these days. Not only do they own the best-performing stock in the Dow Jones Industrial Average this year, but their company just hiked its quarterly dividend by 50% for an annual yield of more than 2%.
In the video below, Fool contributor Demitrios Kalogeropoulos puts Boeing's latest payout raise into perspective, noting that it brings the industrial giant up to a more respectable position among the Dow's 30 stocks, just above IBM's (NYSE:IBM) current yield. He also argues that Boeing has ample room to cover the increased dividend, which points to room for further payout boosts in the years ahead.
Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool owns shares of International Business Machines. 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.