Becton, Dickinson (BDX) Boosts Qtr. Dividend by 12.1%, Authorizes 10M Share Buyback
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The Board of Directors of Becton, Dickinson and Company (NYSE: BDX) has declared a quarterly dividend of 37 cents per common share, an increase from the previous quarter of 4 cents per share, or 12.1% The dividend will be payable on January 4, 2010 to holders of record on December 14, 2009. At the current rate, the annual dividend for fiscal 2010 would be $1.48 cents per share.
The Board has also authorized BD to repurchase up to an additional 10 million of its common shares. BD plans to use the shares for general corporate purposes. This authorization supplements the approximately 7.6 million shares that remained available at September 30, 2009 under a 10 million-share repurchase authorization in November 2008. On September 30, 2009, BD had approximately 237 million common shares outstanding.
"For the 37th consecutive year, BD has increased our dividend," said Edward J. Ludwig, BD Chairman and Chief Executive Officer. "Our strong generation of cash allows us to return significant dollars to our shareholders while maintaining and continuing to make strategic investments that will benefit BD's future. Our strategy is working, and our shareholders continue to benefit."
The Board has also authorized BD to repurchase up to an additional 10 million of its common shares. BD plans to use the shares for general corporate purposes. This authorization supplements the approximately 7.6 million shares that remained available at September 30, 2009 under a 10 million-share repurchase authorization in November 2008. On September 30, 2009, BD had approximately 237 million common shares outstanding.
"For the 37th consecutive year, BD has increased our dividend," said Edward J. Ludwig, BD Chairman and Chief Executive Officer. "Our strong generation of cash allows us to return significant dollars to our shareholders while maintaining and continuing to make strategic investments that will benefit BD's future. Our strategy is working, and our shareholders continue to benefit."
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