Board of Directors of Boeing Company (NYSE: BA) has declared the company´s quarterly dividend will increase 20% percent to USD 2.055 per share, the company said.
The board also replaced the existing share repurchase program with a new USD 20 billion authorization, up from the USD 18 billion approved last December.
With the latest increase to the dividend, Boeing has increased its dividend nearly 325 percent over the past six years and repurchased more than 230 million shares over the same time period. The company has consistently paid dividends to shareholders for more than 80 years. The new dividend will be payable March 1, 2019, to shareholders of record as of February. 8, 2019.
This year, the company repurchased USD 9 billion worth of its shares from the USD 18 billion authorization approved in December 2017.