Boeing stock today, The Boeing Company offers the world’s largest range of commercial jetliners and defense, space, and security systems. Boeing products and services are used in more than 150 countries worldwide.
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1. Boeing Stock Analysis:
2. Boeing Stock Today News:
The Boeing Co. stated Monday that the board of directors approved a $10 billion increase in its stock-buyback program. The planemaker will also increase its quarterly dividend payments by around 50%.
Jim McNerney, chairman, and CEO said that the moves were a reflection of its operational performance, increasing cash flow, and boosting confidence for the future.
In addition to the $800m remaining authority in Boeing’s current stock purchase program, the increase in the share buyback program will also be a result of the Boeing stock repurchase plan. Boeing will buy back its stock again in January. It expects that repurchases of its stock will continue for the next two to 3 years.
Chicago-based company has declared a quarterly distribution of 73c per share to shareholders who record their shares on February 14.
Boeing shares rose by $2.18, or 1.6%, to $136.90 after the announcement. After-hours trading was closed. They closed Monday at $134.72
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