Boeing's board has authorised an additional $10 billion for its share repurchase plan, and grew its quarterly dividend about 50% to 73 cents per share.
The additional $10 billion is on top of the $0.8 billion remaining from a share repurchase authorisation in 2007, says the airframer.
"Our balanced cash deployment strategy provides increased dividends and share repurchase authorisation to deliver consistent returns to our shareholders while maintaining investment in productivity and innovation for future growth," says Boeing executive vice president and chief financial officer Greg Smith.
Share repurchase activity for 2013 is complete and will resume in January 2014, says Boeing.
The increased dividend is payable 7 March 2014 to shareholders as of 14 February 2014