Boeing Raises Dividend 10 Percent and Resumes $3.6 Billion Share Repurchase Program

Mon Dec 17, 2012 4:15pm EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20121217:nPnCG30976








CHICAGO,  Dec. 17, 2012  /PRNewswire/ -- Boeing (NYSE: BA) Chairman, President
and Chief Executive Officer  Jim McNerney  announced a 10 percent increase in
the company's regular quarterly dividend to  48.5 cents  per share and the
resumption of its stock repurchase program with repurchases currently expected
to total between  $1.5 billion and $2.0 billion  in 2013.

"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," McNerney said. "As returns accelerate on the investments we made
in innovative new products, we plan to continue our balanced cash deployment
strategy, increasing returns to shareholders, investing in our core businesses
and our workforce, and maintaining a strong balance sheet with healthy credit
ratings."  

The repurchase program is expected to use the remaining  $3.6 billion 
previously authorized by the Boeing board of directors in  October 2007. Boeing
plans to begin repurchasing shares following its fourth-quarter earnings
announcement in late  January 2013.

Boeing plans to make the share repurchases on the open market. The number and
timing of shares to be purchased will be based on the level of cash balances,
general business conditions and other factors, including alternative investment
opportunities. The repurchase program also may be suspended or discontinued at
any time.   

The dividend is payable  March 8, 2013, to shareholders of record as of  Feb.
15, 2013.

 Caution Concerning Forward-Looking Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 
Statements in this press release relating to the company's intention to repurchase shares of its common stock under the stock repurchase program are forward-looking statements.  There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements.  These include, among others, the market price of the company's stock prevailing from time to time, the company's cash flows, general economic conditions and other factors 
 identified in the company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and the company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.                                                   


Contact: Boeing Communications (312) 544-2002

 

SOURCE  Boeing
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.