Boeing to Repurchase $14 Billion in Shares

Boeing President and CEO Dennis Muilenburg declared an increase to the company’s share repurchase program, replacing the original $12 billion dollar authorization approved last December.  They also raised their dividend by 20% to $1.09 per share.

Investors were mildly pleased after hours and sent the shares up to about $144 aka where they opened earlier today.

All that dollar firepower just to undo one day of downward trade.  Money ain’t what it used to be.