Boeing authorized a $10 billion share buyback, and said it would raise its dividend by 50 percent to 73 cents a share, the company said Monday.
Shares jumped 1.83 percent in the after-hour trade after the announcement. (What's the stock doing now?)
(Read more: Boeing hits all-time highs despite union rejection)
The $10 billion buyback is on top of the $800 million remaining from a 2007 stock repurchase. Boeing's management plans to buy back shares in the next two or three years.