Boeing Boosts Dividend 25%, Increases Buyback to $12 Billion
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Boeing Co. shares rose after the planemaker boosted its quarterly dividend by 25 percent and expanded a share-repurchase plan to $12 billion, the largest in its history.
The payout will rise to 91 cents a share from 73 cents and will be payable March 6 to shareholders of record as of Feb. 13, Chicago-based Boeing said today in a statement. The increase exceeded analysts’ expectation of a 14 percent jump, to 83 cents, based on data compiled by Bloomberg.