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Boeing Boosts Dividend, Stock Buyback Plans

Boeing Boosts Dividend, Stock Buyback Plans
Boeing Chairman and CEO Jim McNerney. Photo: Boeing

Boeing [BA] on Monday announced a handsome raise in its quarterly dividend and said its board of directors has authorized a new $10 billion stock repurchase program. The company’s quarterly dividend will rise 50 percent to 73 cents per share, payable beginning March 2014. Boeing has hiked its dividend the past two years by 5 percent and 10 percent respectively, so the new boost is a significant increase in the return of cash to shareholders. The $10 billion repurchase program…

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