Boeing Co. raised its quarterly dividend by 20% to $2.055 per share, payable March 1, 2019, to shareholders of record as of Feb. 8, 2019.

The company's board also authorized a new $20 billion share buyback program, replacing the existing $18 billion approved in December 2017. Repurchases under the new share authorization are expected to resume in January 2019 and run over the next 24 months.

Boeing repurchased $9 billion worth of its shares in 2018.