Boeing board authorises $10 billion share repurchase, raises dividend 50%

Boeing Chairman, President and Chief Executive Jim McNerney has announced that the Boeing board of directors authorised an additional $10 billion for the company’s share repurchase plan and declared that the company’s regular quarterly dividend will increase by approximately 50 percent to 73 cents per share. “These actions reflect sustained, strong operational performance by our businesses, increasing cash flow, and our confidence in the future,” said McNerney. “Our team’s relentless focus on business execution and competitiveness is providing the financial strength to continue investing in our core businesses while increasing our returns to shareholders.” The $10 billion repurchase authorization approved