Boeing (BA) Raises Quarterly Dividend 30.3% to $1.42; New $14B Buyback

Boeing (NYSE: BA) declared a quarterly dividend of $1.42 per share, or $5.68 annualized. This is a 30.3% increase from the prior dividend of $1.09. The dividend will be payable on March 3, 2017, to stockholders of record on February 10, 2017, with an ex-dividend date of February 8, 2017. The annual yield on the dividend is 3.6 percent.

The board also replaced the existing share repurchase program with a new $14 billion authorization.

"As our team delivers on our large and diverse order backlog, and drives greater efficiency across our business, Boeing is well positioned to generate increasing cash flows and meet our commitment to provide competitive returns to our shareholders. At the same time, Boeing is continuing to invest in our people, innovation and growth as part of a balanced cash deployment strategy," said Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg.

For a dividend history and other dividend-related data on Boeing (BA) click here.

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