Boeing's board approved a new share repurchase plan under which the company plans to buy back up to $7 billion worth of its common stock. The planned repurchase is in addition to approximately $8 billion of its stock it has bought back since 2004 and follows a $3 billion buyback approved by the board in August 2006. The company also yesterday declared a quarterly dividend of 35 cents per share payable Dec. 7 to shareholders of record as of Nov. 9.

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