Boeing approves dividend, pension payment

Published 1:06 pm Monday, October 26, 2009

Boeing’s board of directors gave the OK today for a quarterly dividend of 42 cents per share for shareholders on record as of Nov. 6. The dividend is payable Dec. 4.

The board also approved a $1.5 billion contribution of Boeing common stock to the company’s defined benefit pension plan.

“By using stock rather than cash, Boeing can bolster its pension plans while preserving its financial flexibility,” the company said, in a statement.