Boeing announces increased quarterly dividends

Boeing's board of directors recently announced increased quarterly dividends, now set at $1.42 per share, and the replacement of the current repurchase program with a $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," Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg said. "At the same time, Boeing is continuing to invest in our people, innovation and growth as part of a balanced cash deployment strategy." 

With this latest increase, the company's dividend, which it has consistently paid to shareholders for 75 years, will have increased by approximately 190 percent over the past four years. 

The company's $14 billion authorization for share repurchases led to $7 billion in repurchases in 2016, and next year's program will have a similar authorization.

"The plans we announced today demonstrate our ongoing commitment to return cash to shareholders through a growing dividend and share repurchases, and reflect our confidence in our financial strength and the long-term outlook of our business," Boeing Chief Financial Officer and Executive Vice President of Corporate Development & Strategy Greg Smith said.