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Business/Financial

Boeing Boosts Dividend, Share Repurchase Authorization

By Cal Biesecker

Monday, December 17th, 2018

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Boeing Boosts Dividend, Share Repurchase Authorization

Boeing President and CEO Dennis Muilenburg. Photo: Boeing

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

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