12-14-2015, 04:28 PM
- Boeing (BA -1.1%) is up 0.9% after hours following a move to bump its dividend 20%, and an increase in its repurchase authorization to $14B total.
- Some $5.25B had remained on the company's prior buyback authorization, which was for $12B last December. This year's buybacks are complete after Boeing repurchased $6.75B.
- The new $14B authorization replaces the former one, and the company expects to resume buybacks in January.
- The dividend increase marks the fifth straight year with a raise.