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Shauna O'Brien Dec 16, 2014
Boeing announced a 24.7% dividend increase after the closing bell on Monday. The next quarterly dividend of 91 cents will be paid on March 6 to shareholders of record on February 13. The stock will go ex-dividend on February 11.
The company will be raising its share buyback program to $12 billion. It bought back $6 billion in shares in 2014.
This news is great for investors, as it may result in Boeing being a target for dividend-focused mutual funds.
|VTSMX||Vanguard Total Stock Market Index||3.38%|
|VFINX||Vanguard 500 Index||0.99%|
|PRGFX||T. Rowe Price Growth Stock||0.72%|
Shares of Boeing are down 10% YTD.
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