Boeing lifts dividend by 20 percent, sets new $18 billion share buyback | Reuters
(Reuters) - Boeing Co (BA.N) said on Monday it would raise its quarterly dividend by 20 percent and replace its existing share repurchase programme with a new $18 billion authorization.
(Reuters) - Boeing Co (BA.N) said on Monday it would raise its quarterly dividend by 20 percent and replace its existing share repurchase programme with a new $18 billion authorization. A model of the Boeing 777 is seen at the Boeing booth at the Aircraft Interiors Expo 2017 in Hamburg, Germany April 4, 2017. REUTERS/Fabian Bimmer The company said it would pay a quarterly dividend of $1.71 per share from $1.42 earlier. The new dividend is payable on March 2. The world’s biggest maker of jetliners said the new repurchase programme would replace a $14 billion authorization approved in December 2016, under which it had repurchased $9.2 billion. The company said it expects to complete the new buybacks in the next 24-30 months. Boeing’s shares were up 1.2 percent in after-market trading on Monday. The stock is the top performer on the Dow Jones Industrial Average .DJI this year with its stock rising 84 percent. The index is up 24 percent in the same period.
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
By James Davey LONDON (Reuters) - Distribution of several British newspapers was disrupted on Saturday after climate change activists blockaded printworks used by Rupert Murdoch's News UK, publisher of The Times and The Sun, drawing condemnation from Prime Minister Boris Johnson.
PARIS (Reuters) - France denied the European Union's Brexit negotiator Michel Barnier was about to be sidelined by EU leaders in a bid to break the deadlock in trade talks, as reported by British newspaper the Daily Telegraph. Twisting a famous British war slogan, European affairs minister Clement Beaune tweeted on Saturday: "Keep calm and support Michel Barnier".
MEXICO CITY (Reuters) - Mexico's National Electoral Institute (INE) has denied former President Felipe Calderon's bid to register his Free Mexico movement as a new political party, saying some of its funding was questionable.