Baxter (BAX) Raises Quarterly Dividend 15.8% to $0.22; 1.1% Yield

Baxter (NYSE: BAX) declared a quarterly dividend of $0.22 per share, or $0.88 annualized. This is a 15.8% increase from the prior dividend of $0.19.

The dividend will be payable on July 1, 2019, to stockholders of record on June 7, 2019, with an ex-dividend date of June 6, 2019.

The annual yield on the dividend is 1.1 percent.

“Baxter’s increased dividend reflects the ongoing impact of our business transformation, which is strengthening our financial position as we pursue our mission to save and sustain lives,” said José (Joe) E. Almeida, chairman and chief executive officer. “Our disciplined capital allocation strategy remains focused on driving innovation for patients, growth for the business and greater value for our investors.”

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

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