(20.03.2020, 15:15)Ste Fan schrieb: Wenn eine Firma einen Bailout benoetigt weil die Umsaetze und in Folge die Gewinne wegbrechen wuerde ich es fuer kaum nachvollziehbar und politisch vermittelbar halten wenn die Dividenden unangestastet bleiben, fuer die Boni gilt das Gleiche.Boeing logic: Do not touch the dividend
Schau dir Boeing ueber die letzte Zeit an...das Mngmnt versagte komplett bei der Aufarbeitung der damaligen Flugzeugabstuerze, fuehrte Share Buybacks in Mrd-hoehe durch und genehmigte sich Boni / Aktienoptionen...um dann kurz nach Beginn der jetzigen Krise das erste Unternehmen zu sein welches nach staatlicher Hilfe ruft.
Ist zwar anderes Thema, aber in so einem Fall waere es sogar angebracht das Mngmnt in Regress zu nehmen...
Da zu erwarten dass die Dividenden zukuenftig ohne Einschraenkung eintrudeln waere vielleicht ein bisschen arg optimistisch
![[Bild: 9932311-1584632768727315.jpg]](https://static.seekingalpha.com/uploads/2020/3/19/9932311-1584632768727315.jpg)
[i]Source: Aviation24[/i]
One thing that became clear quite fast is that Boeing is still not changing its dividend policy. Earlier, I had a look at the dividend and concluded that fundamentally it is not a sustainable dividend, and the only reason to support the dividend is to support the share price, which in turn supports Boeing's pension fund. Share prices have gone down the drain since then, so I'd say keeping the dividend makes no sense. Maybe that is also why Boeing needs cash; the pension fund might be needing additional cash injections that Boeing had not anticipated.
Some investors have been pointing out the dividend history of Boeing and its growth, and that is a main reason for keeping the dividend. Fact is that a company can continue paying dividend until it becomes part of the history that is being pointed at by some investors to keep in place the dividend. Still, with $60B in aids, Boeing hasn't cut the annual dividend of nearly $5B. Boeing asked $60B in aid, but apparently does not bother to cut almost $5B in dividends, which is around 7 to 8 percent of what Boeing is looking for in aid. Probably Boeing does not want to cut the dividend because it plans on spending the cash on the supply chain, but again... we aren't given the insight on the cash deployment or how the COVID-19 has strained the cash flow from customers to Boeing into the supply chain.
[b]Boeing should really make changes to its dividend policy and stop dividend payments effective immediately.[/b]
[b]https://seekingalpha.com/article/4333201...ent=link-0[/b]