Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Eli Lilly Raises Dividend by 15%

TheMotleyFool

0 0

One of the biggest and most durable pharmaceutical companies on the market is increasing its shareholder payout. Eli Lilly (NYSE: LLY) announced Monday that it is upping its quarterly dividend by 15%; it will pay its first $0.85 per-share distribution next March 10 to investors of record as of Feb. 12.

At the company's most recent closing stock price, the new amount would yield just under 2.2%.

In percentage terms, the latest hike matches that of its predecessors. In December, 2019, for example, Eli Lilly declared that its dividend would rise from nearly $0.65 per share to $0.74; previous raises were at or close to that 15% mark.

Source Fool.com

Like: 0

LLY

Share