Boeing ups dividend by 50%, okays US$10b buyback plan
Company enjoying revenue surge as it ramps up production of commercial jets
[SEATTLE] Boeing Co's board has raised the company dividend by about 50 per cent and approved US$10 billion in new share buyback authority that the company said it will use in the next two to three years.
The share repurchase represents about 10 per cent of Boeing's outstanding stock, ranking it in the middle of buybacks by large US companies, which are on a stock-buying spree this year.
Boeing shares rose about 2 …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
‘Heavy congestion’ in South-east Asia transhipment ports prompts feeder operators to levy surcharge
Renault Q1 sales rise 1.8%, helped by financing business
Honda to build major EV plant in Canada
Elon Musk’s robotaxi dreams plunge Tesla into chaos
Boeing expects slower increase in 787 production rate and deliveries: memo
Tesla cuts marketing team in reversal of Musk’s ad strategy