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Boeing's Board of Directors has approved a
20% increase in the company's quarterly dividend, to thirty (30) cents per share. The board last approved a dividend increase on
December 13, 2004, from 20 to 25 cents per share.
"The company is paying a higher dividend to its shareholders because of continued strong operational performance and excellent cash generation,"
said Jim
McNerney, chairman, president and chief executive officer of The Boeing Company.
He noted that the company is taking a balanced approach to cash deployment: investing in new technologies and products like the 787 Dreamliner that will deliver
future growth; contributing to company pension plans; repaying debt; and sharing the company's success with its shareholders through an ongoing stock re-purchase
plan, in addition to the higher dividend.
The latest dividend increase is payable March 3, 2006, to shareholders of record at the close of business on
February 10, 2006.
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other recent news regarding:
Airlines,
Boeing
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