Boeing slows 777 wide-body output, boosts dividend by 30%
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Chicago
BOEING Co gave investors bad news and good news as it unveiled deeper cuts to one of its biggest money-makers, the 777 jetliner - and then announced a 30 per cent dividend hike.
The shares responded like a yo-yo in trading after the close in New York, diving on news of the production slowdown for the company's largest twin-engine model before rebounding a half hour later when the company revealed its dividend of US$1.42 a share. That far exceeded the US$1.25 average of analysts' estimates.
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