Boeing authorizes USD14bn share repurchase, increases dividend

Board of directors of Boeing (NYSE: BA) has declared its quarterly dividend will increase 30 percent to USD1.42 per share, and authorized a new USD14 billion share repurchase program, the company said.

The company said it is positioned to generate increasing cash flows and provide competitive returns to shareholders, while investing in its people, innovation and growth.

The new dividend will be payable March 3, 2017 to shareholders of record as of Feb. 10, 2017.

Share repurchases for 2016 have been completed. In 2016, the company said it bought back USD7.0 billion worth of its shares, using half of the USD14 billion authorization approved last December. The new repurchase program replaces the existing one and brings the authorization back up to USD14 billion.