Boeing may hike dividend by double digits, Wells Fargo says

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (BA +1.1%) could raise its dividend by 10%-15% after its upcoming Dec. 12 board meeting, which would lift BA’s projected yield to 3.2%-3.3% from the current 2.9%, Wells Fargo analysts predict.

In recent years, Boeing also has replaced and expanded its share repurchase authorization at the time of its December board meeting, and the firm believes the two moves this year would be positive.

Still, Wells is not particularly bullish on the shares, rating BA as Neutral with a $155-$160 valuation, given the slowing pace of orders and general macroeconomic concerns.