Boeing in record $10bn share buyback and ups dividend

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Boeing has authorised a $10bn (£6.1bn) buyback of its own shares, the largest in the company's history, in addition to raising its quarterly dividend.

Chicago-based Boeing's dividend will increase by about 50% to 73 cents a share, to be paid in March next year, the BBC reports. The company is looking to reward its shareholders as its cash flow improves from the higher sales and production of jetliners such as the 787 Dreamliner. Boeing's previous buyback record was $7bn in 2007, with $800m still unused. The company said the new repurchase program reflects its "positive outlook".

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