Boeing Raises Share Buyback Program To $14 Bln

(RTTNews) - Boeing (BA) has raised its share repurchase program to $14 billion and declared an increase in quarterly dividend by 20 percent to $1.09 per share.

"Once again, we are demonstrating our commitment to a balanced cash deployment strategy that fuels investments in our people, innovation and growth, and returns significant value to our shareholders," said Boeing President and Chief Executive Officer Dennis Muilenburg.

The new $14 billion repurchase authorization replaces the $12 billion authorization approved last December, of which $5.25 billion remained.

The dividend declared is payable March 4, 2016, to shareholders of record as of February 12, 2016.