PPD (PPDI) Declares $0.15 Quarterly Dividend; 2.9% Yield

November 11, 2009 4:06 PM EST

PPD, Inc. (NASDAQ: PPDI) today announced its board of directors declared a cash dividend of $0.15 per share, or $0.60 annualized.

The record date for the fourth quarter dividend is December 15, 2009, and the payment date is December 29, 2009. The ex-dividend date is December 25, 2009.

Yield on the dividend is 2.9%.

Pharmaceutical Product Development, Inc. (PPD), a contract research organization, provides drug discovery and development services, post-approval expertise, and compound partnering programs.


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