Boeing says it will restart production of the 787 Dreamliner jet at its South Carolina factory next week. It restarted production at its Washington state factories last week.
Boeing CEO Dave Calhoun told shareholders at the company's virtual annual meeting that they shouldn't expect to see dividend checks for at least several years.
"I'm confident dividend payments will resume. I'm not confident they will happen in the medium term. It will be years," he said in response to a shareholder question. He said paying down the debt the company is running up currently is a higher priority. "We know we're going to have to borrow more money in the next six months in order to get through this really difficult moment," he said."Our first priority is going to be to pay that back."on March 23, the marking the first time it has not paid one since 1941. It had spent $4.6 billion on dividends last year.
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