The Boeing board of directors increased the company’s authorization for its share repurchase plan to US$12bn and declared that the company’s regular quarterly dividend will increase by 25% to 91 cents per share. “Strong operating performance across our business continues to generate significant cash flow and financial strength for Boeing,” said Jim McNerney, Boeing Chairman and Chief Executive. “That strength, coupled with the solid growth outlook for commercial aviation and Boeing’s unmatched product and services portfolio, provides us with the foundation to continue our balanced cash deployment strategy, investing in our core programs while increasing shareholder value.” The US$12bn repurchase authorization approved today replaces the authorization approved in 2013 of which approximately $4.8B was remaining. Repurchase activity for 2014 is now complete at $6B and is expected to resume in January 2015. The timing and volume of repurchases are at the discretion of Boeing management, however it is currently expected that the share repurchases will be made over the next two to three years. Repurchases may be made on the open market or in privately negotiated transactions. Boeing’s new dividend represents an 88 percent increase over the past two years.
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AviTrader Publications Corp.
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Richmond, BC V6X 3M1
Canada