Baxter (BAX) Raises Quarterly Dividend 34.3% to $0.45; 3.3% Yield; Approves $2B Buyback

July 25, 2012 8:16 AM EDT
Baxter International, Inc. (NYSE: BAX) declared a quarterly dividend of $0.45 per share, or $1.8 annualized. This is a 34.3% increase from the prior dividend of $0.335.

The dividend will be payable on October 1, 2012, to stockholders of record on September 7, 2012, with an ex-dividend date of September 5, 2012.

The annual yield on the dividend is 3.3 percent.

Baxter’s Board of Directors also approved a new share repurchase authorization of up to $2.0 billion of the company’s common stock. The company has approximately $450 million of remaining authorization under a previous $2.5 billion share repurchase program approved in December 2010. Shares will be repurchased in the open market at times and amounts determined by the company based on its evaluation of market conditions and other factors.

For a dividend history and other dividend-related data on Baxter International, Inc. (BAX) click here.

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