July 03, 2012 at 08:52 AM EDT
Boeing 2012 Current Market Outlook: World Aircraft Fleet to Double by 2032 (BA)

Aircraft maker The Boeing Company (BA) on Tuesday released some bullish projections for the airline industry over the next 20 years.

The Chicago-based company said it expects the worldwide aircraft market to reach $4.5 trillion by 2032, with 34,000 new airplanes produced during that time. That projection means the world fleet would double in the next 20 years.

Boeing also forecast a 5% annual growth rate for airline traffic over the next two decades, while cargo traffic is expected to rise 5.2% per year. A good part (40%) of the growth will come from widebody aircraft like the company’s new 747-8, 777, and 787 Dreamliner planes.

Boeing shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Boeing currently offers a 2.41% dividend yield, based on last night’s closing price of $73.18 and the company’s annualized dividend payout of $1.76 per share.

The Boeing Company (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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