Boeing Boosts Dividend 51% on $10 Billion Stock Buyback
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Boeing Co. boosted its quarterly dividend by 51 percent and authorized a $10 billion share-repurchase plan, the largest in its history.
The quarterly dividend will rise to 73 cents a share from 48.5 cents and will be payable March 7 to shareholders of record as of Feb. 14, Chicago-based Boeing said today in a statement. Boeing said its new buyback is in addition to the approximately $800 million remaining from a 2007 repurchase authorization.