Boeing to shower shareholders with cash

‘US aerospace giant Boeing has announced a $14 billion share buyback and 20 percent increase in its regular quarterly dividend starting 2016 to $1.09 per share.

Boeing said the new buyback plan will replace the $12 billion plan that was previously in place of which $5.25 billion remained.

“Once again, we are demonstrating our commitment to a balanced cash deployment strategy that fuels investments in our people, innovation and growth, and returns significant value to our shareholders,” said Boeing President and Chief Executive Officer Dennis Muilenburg in a news release.’

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