Boeing: raises dividend, steps up share buybacks
(CercleFinance.com) - US aerospace giant Boeing on Monday raised its quarterly dividend by 20% and increased authorized share repurchases by 2 billion dollars.
The company said that its board has approved a quarterly dividend of 2.055 dollars per share. The new dividend will be payable on 1 March 2019 to shareholders on record as at 8 February.
Boeing said its board has also increased the amount approved for share repurchases, with a new 20 billion dollars authorization, up from the 18 billion dollars approved last December.
Th planemaker only repurchased 9 billion dollars worth of its shares as part of the authorization approved in December 2017.
Share repurchases have now finished for 2018, Boeing said, but the company expects to resume repurchases under the new share authorization in January 2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The company said that its board has approved a quarterly dividend of 2.055 dollars per share. The new dividend will be payable on 1 March 2019 to shareholders on record as at 8 February.
Boeing said its board has also increased the amount approved for share repurchases, with a new 20 billion dollars authorization, up from the 18 billion dollars approved last December.
Th planemaker only repurchased 9 billion dollars worth of its shares as part of the authorization approved in December 2017.
Share repurchases have now finished for 2018, Boeing said, but the company expects to resume repurchases under the new share authorization in January 2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.