Boeing Board raises share repurchase authorization to US$14 bn, increases dividend 20%

The Boeing board of directors has raised the company’s authorization for its share repurchase program to US$14bn and declared that the company’s quarterly dividend will increase 20% to $1.09 per share. The new US$14bn repurchase authorization replaces the US$12bn authorization approved last December, of which US$5.25bn remained. Share repurchases for 2015 have been completed for a year-end total of US$6.75bn. Repurchase activity is expected to resume in January 2016. 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 two to three years.