Boeing jumps in after-hours trading after repurchase, dividend raise

Shares of aerospace firm Boeing (BA) are spiking in after-market trading, and are currently up more than 1.8% after the company announced would be replacing its existing share repurchase program with a new $20B authorization, raised from the $18B approved last December. This year, the company repurchased $9B worth of its shares from the $18B authorization approved in December 2017. Additionally, the company said it will be raising it's quarterly dividend by 20% to $2.055 per share from $1.71 per share. PRICE ACTION: Shares of Boeing are up 1.86% in after-hours trading to 322.00 per share.