BOSTON - State Street Boston Corp.'s board reaffirmed its authorization to repurchase up to two million common shares, or 2.4% of its total shares.

In a press release, the company said it will make purchases from time to time on the open market or in privately negotiated transactions.

Shares purchased under the authorization would be used for employee benefits plans.

As reported in September 1993, the company said it would repurchase up to two million common shares.

As of March 31, it had about 83 million shares outstanding.

Further details were not immediately available.

Also, the bank said it had increased its quarterly dividend by 6% to 17 cents per share.

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