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Boeing Ups Dividend By Five Percent

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Boeing [BA] on Monday said it would boost its quarterly dividend payment to shareholders by two cents, or 5 percent, to 42 cents per share payable March 6, 2009. The modest dividend hike comes despite a rough patch for the company, which weathered a labor strike during the fall that dampened earnings, sales and cash flow. The strike, combined with the need to replace fasteners in early production planes, led to another delay in the first flight and delivery of…

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