We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Chicago — Boeing is handing out more goodies to investors already flush from the company’s leap to the top of the Dow Jones Industrial Average — all while plotting its biggest investment since the 787 Dreamliner more than a decade ago. The quarterly dividend would rise 20% to $1.71 a share, Boeing said in a statement Monday, surpassing analyst expectations. Directors also authorised $18bn in share buybacks, up from a $14bn programme they put in place a year ago. CEO Dennis Muilenburg is making good on a promise to return cash gains to shareholders as the carbon-composite Dreamliner has become a rainmaker over the past year, ending years as a cash drain. The aeroplane maker is also speeding factory output as it tries to profit from a record order backlog, which provides a cushion from the cyclical market swings that have hurt other industrial giants such as General Electric. The strategy is nearing its biggest test yet as a major potential investment looms. Boeing directors are study...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now