Boeing Raises Dividend, Relaunches Buybacks
Dec 17th 2012 8:24PM
Updated Dec 17th 2012 8:30PM
Boeing has lifted its quarterly dividend and resumed its share-buyback program, the company announced in a press release. The dividend increase amounts to 10%, for a total of $0.485 per share. It will be paid on March 8 to shareholders of record as of Feb. 15.
For the repurchase program, the company expects to start spending what remains of the $3.6 billion its board authorized for stock buybacks in late 2007. Boeing expects this program to total $1.5 billion to $2 billion in the course of 2013.
The company quoted CEO Jim McNerney as saying that "strong cash generation, consistently solid core operating performance, and a positive growth outlook enable us to take these steps to deliver value for our shareholders."
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