Baxter (BAX) Declares $0.115 Quarterly Dividend; 1.2% Yield

Baxter (NYSE: BAX) declared a quarterly dividend at a new rate of $0.115 per share, or $0.46 annualized, following its successful spin-off of its biopharmaceuticals business, Baxalta Incorporated.

The dividend will be payable on October 1, 2015, to stockholders of record on September 4, 2015, with an ex-dividend date of September 2, 2015.

The annual yield on the dividend is 1.2 percent.

''This quarterly dividend is consistent with our previously announced target payout ratio of approximately 35 percent of adjusted net income and places Baxter at the high end of its peer set,'' said James K. Saccaro, Baxter’s corporate vice president and chief financial officer. ''As the new Baxter emerges, we remain committed to returning significant value to our shareholders through a number of means including dividends and share repurchases.''

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

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