Baxter (BAX) Declares $0.19 Quarterly Dividend; Approves $2B Buyback

Baxter (NYSE: BAX) declared a quarterly dividend of $0.19 per share, or $0.76 annualized.

The dividend will be payable on January 2, 2019, to stockholders of record on December 3, 2018, with an ex-dividend date of November 30, 2018.

The annual yield on the dividend is 1.2 percent.

Baxter’s Board of Directors has also approved a $2.0 billion increase in authorization for the company’s existing share repurchase plan. Based on these actions, the share repurchase plan has approximately $3.4 billion of repurchase authority available as of the date hereof to make repurchases pursuant to new or existing Rule 10b5-1 plans or otherwise. Shares will be repurchased in the open market or through private transactions at times and amounts determined by the company based on its evaluation of market conditions and other factors and, if applicable, in accordance with the terms of one or more Rule 10b5-1 plans.

“Baxter’s strong balance sheet allows us to serve our shareholders by investing in growth as well as returning value through dividends and share repurchases,” said Jay Saccaro, Baxter’s chief financial officer.

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

You May Also Be Interested In

• U-Haul Holding (UHAL) Declares $0.05 Quarterly Dividend; 0.4% Yield
• RCI Hospitality Holdings (RICK) Declares $0.08 Quarterly Dividend; 1.3% Yield
• McGrath Rentcorp (MGRC) Declares $0.495 Quarterly Dividend; 1.9% Yield