Boeing Raises Dividend 20%, Sweetens Buyback as Rally Leads Dow
- Planemaker increases shareholder rewards as cash flow surges
- Test looms as board considers first all-new jetliner since 787
Photographer: Bloomberg
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Boeing Co. is handing out more goodies to investors already flush from the company’s leap to the top of the Dow Jones Industrial Average -- all while plotting its biggest investment since the 787 Dreamliner more than a decade ago.
The quarterly dividend will rise 20 percent to $1.71 a share, Boeing said in a statement Monday, surpassing analyst expectations. Directors also authorized $18 billion in share buybacks, up from a $14 billion program they put in place a year ago.