Boeing (BA) approved an increase in quarterly payments of 30% and a new $ 14 billion buy back program

Market news

13 December 2016

Boeing (BA) approved an increase in quarterly payments of 30% and a new $ 14 billion buy back program

According to Boeing, the company's Board of Directors decided to increase its quarterly payout by 30.3% to $ 1.42 / share from $ 1.09 / share.

In addition, the board approved a new $ 14 billion buy back, which will replace the 2016 program. According to the company, they bought shares in amount of $ 7 billion this year. According to the report, the company will resume repayment in January 2017.

BA shares rose in premarket trading to $ 159.79 (+ 1.67%).

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