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Boeing Co Raises Dividend 10% And Resumes $3.6 Billion Share Repurchase Program


Monday, 17 Dec 2012 04:15pm EST 

Boeing Co announced a 10% 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. 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 February 15, 2013 . 

Company Quote

132.78
1.08 +0.82%
21 Nov 2014