Boeing Co. /zigman2/quotes/208579720/composite BA -5.37% announced a larger dividend and share-repurchase authorization Monday afternoon, sending shares 1% higher in late trading. Boeing said it would increase its quarterly dividend 20% to $1.71 per share, payable March 2, 2018, to shareholders of record as of Feb. 9. The company replaced a share-repurchase authorization of $14 billion, established in December 2016, with one for $18 billion. Boeing said it expects to make the repurchases in the next 24 to 30 months, and repurchased $9.2 billion in shares under the previous authorization. Boeing stock added 1% in immediate after-hours action following the announcement; shares closed at their second highest price on record, $283.16, after falling 1% from Friday's record closing high.