12/17/2013

Boeing has raised its quarterly dividend by 51% to 73 cents a share, and also plans to buy back $10 billion in shares. The $10 billion share repurchase plan sets a new record for the aircraft manufacturer, whose largest buyback previously was $7 billion in 2007. "These actions reflect sustained, strong operational performance by our businesses, increasing cash flow and our confidence in the future," said CEO Jim McNerney in a statement.

Related Summaries