Boeing Company (NYSE: BA) has announced actions it will take to support the company as it navigates through the COVID-19 pandemic the company said.
-Boeing´s CEO Dave Calhoun and Board Chairman Larry Kellner will forgo all pay until the end of the year.
-The company will suspend its dividend until further notice.
-Boeing will extend its pause of any share repurchasing until further notice. The company previously suspended its stock buyback program in April of 2019.
-Boeing is drawing on all of its resources to sustain operations, support its workforce and customers, and maintain supply chain continuity through the COVID-19 crisis and for the long term.