The Boeing (NYSE: BA) board of directors declared the company´s quarterly dividend will increase 20 percent to USD 1.71 per share, the company said.
The board also replaced the existing share repurchase program with a new USD 18 billion authorization.
With the latest increase to the dividend, Boeing has raised its quarterly dividend more than 250 percent over the past five years. The company has consistently paid dividends to shareholders each quarter for more than 75 years. The new dividend will be payable March 2, 2018, to shareholders of record as of February 9, 2018.
The timing and volume of repurchases are at the discretion of Boeing management, however it is expected that repurchases under the new share authorization will be made over the next 24 to 30 months.