Boeing (BA) said Monday that it's increasing its quarterly dividend by 5 percent to 42 cents a share. The board also accepted the resignation of retired Marine Corps Gen. James Jones, who was named by President-elect Barack Obama to serve as national security adviser.
Boeing said Monday that it’s increasing its quarterly dividend by 5 percent to 42 cents a share.
The higher dividend is payable March 6 to shareholders of record on Feb. 6, the Chicago-based company said in a statement. The previous dividend was 40 cents.
Boeing is increasing the payout as analysts expect 2009 earnings to rise to $6.04 a share, from a projected $4.58 this year, according to the average of 20 estimates surveyed by Bloomberg.
The plane maker had cash and cash equivalents of $4.19 billion at the end of September, compared with $8.95 billion a year earlier.
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The company also said Monday that its board accepted the resignation of retired Marine Corps Gen. James L. Jones, who this month was named by President-elect Barack Obama to serve as national security adviser.