Boeing Extends Share Buyback To $12bn

Boeing is to buy back a further $2bn-worth of its shares, extending its record $10bn share repurchase plan announced in December 2013.

Boeing is to buy back a further $2bn-worth of its shares, extending its record $10bn share repurchase plan announced in December 2013.

The aircraft OEM’s board of directors yesterday (December 15) authorised the extension of the repurchase programme alongside a 25 per cent increase in quarterly dividends to $0.91 per share.

According to Boeing, the increase means that shareholders have seen dividends rise 88 per cent over the past two years.

During 2014 Boeing bought back $6bn-worth of shares and the firms has confirmed it expects to complete its outstanding share repurchases over the next two to three years. 

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