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Tuesday, 30 October 2007

Boeing Board Approves New $7 Billion Share Repurchase and Declares Dividend

The Boeing Company board of directors has approved a new repurchase plan for up to $7 billion of common stock and declared a regular quarterly dividend of 35 cents a share.

Boeing has bought approximately $8 billion of its stock since resuming repurchases during 2004. This new plan follows the $3 billion buy back that the board approved in August 2006. The company is nearing completion of the repurchases authorized under that plan.
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Boeong had been on the rise this few years and had beaten Airbus straight down. That is the way to do men Boeing. I would be a strong supporter of them. They make quality products. They also managed to make a comeback taking advantage of Airbus' failure in the A380

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