Baxter (BAX) Trades Higher Following Dividend Boost, Buyback Increase
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Shares of Baxter (NYSE: BAX) are popping higher Wednesday morning after some positive announcements earlier.
The pharma giant boosted its quarterly payout 34 percent to 45 cents per share, yielding 3.3 percent at the current stock price.
In addition, Baxter approved a new $2 billion buyback plan, bringing total repurchases authorized to about $2.45 billion.
Shares are indicated nearly 2 percent better in pre-market action.
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The pharma giant boosted its quarterly payout 34 percent to 45 cents per share, yielding 3.3 percent at the current stock price.
In addition, Baxter approved a new $2 billion buyback plan, bringing total repurchases authorized to about $2.45 billion.
Shares are indicated nearly 2 percent better in pre-market action.
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