AmerisourceBergen (ABC) Declares Dividiend; $500M Buyback
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AmerisourceBergen Corporation (NYSE: ABC) increased the Company's quarterly dividend rate 33 percent to $0.10 per common share from $0.075 per common share.
The Board of Directors also authorized a new $500 million share repurchase program, effective immediately. The Company will use the new program to repurchase its outstanding shares of common stock subject to market conditions.
CEO R. David Yost said, "Increasing our dividend and authorizing a new share repurchase program illustrates our confidence in delivering long-term shareholder value."
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