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Originally published December 15, 2014 at 1:45 PM | Page modified December 15, 2014 at 1:55 PM

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Boeing boosts dividend, raises stock buyback

Boeing boosted its quarterly dividend by 25 percent and expanded its share-repurchase plan to $12 billion, the largest in its history.


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Boeing boosted its quarterly dividend by 25 percent and expanded its share-repurchase plan to $12 billion, the largest in its history.

The payout will rise to 91 cents a share from 73 cents and will be payable March 6 to shareholders of record as of Feb. 13, Boeing said Monday in a statement. The increase exceeded the estimate of a 14 percent jump, to 83 cents, based on data compiled by Bloomberg.

Boeing’s move rewards investors who have stood by the world’s largest plane maker as it slipped from a perch atop the Dow Jones industrial average in 2013. The company’s stock has slumped 11 percent this year, fifth-most among the 30 stocks on the benchmark gauge.

The buyback replaces a $10 billion program put in place last year, which had $4.8 billion left unspent. Boeing said it had completed repurchasing shares in 2014 after spending $6 billion and expects to resume next month.

“Strong operating performance across our business continues to generate significant cash flow and financial strength for Boeing,” Chief Executive Officer Jim McNerney said in a statement.



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