Boeing [BA] on Monday said is raising its dividend payment by 20 percent and increased its share repurchase program by $2 billion.

Boeing Chairman, President and CEO Dennis Muilenburg. Photo: Boeing

The new quarterly dividend payment will be $2.055 per share, payable on March 1, 2019.

The new share repurchase authorization is $20 billion and it replaces an $18 billion program authorized last December. Under the previous authorization, Boeing repurchased $9 billion of its shares.

Boeing said it is done repurchasing its shares this year and expects stock buybacks will resume in January 2019 and be made over the next two years.

“Boeing continues to see significant opportunities in the markets we serve, and we have confidence in the power of our One Boeing strategy to execute and win on all fronts,” Boeing Chairman, President and CEO Dennis Muilenburg said in a statement.