The board also replaced the existing share repurchase programme with a new USD18 billion authorisation.
With the latest increase to the dividend, Boeing has raised its quarterly dividend more than 250 percent over the past five years. The company has consistently paid dividends to shareholders each quarter for more than 75 years. The new dividend will be payable on March 02, 2018, to shareholders of record as of February 09, 2018.
"Boeing's strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, while continuing to invest in our people, innovation and growth," said Dennis Muilenburg, president, Boeing.