Baxter (BAX) Raises Qtr. Dividend 8.9% to $0.49; Yields 2.8%

Baxter International, Inc. (NYSE: BAX) declared a quarterly dividend of $0.49 per share, or $1.96 annualized. This is an 8.9% increase from the prior dividend of $0.45.

The dividend will be payable on July 1, 2013, to stockholders of record on June 7, 2013, with an ex-dividend date of June 5, 2013.

The annual yield on the dividend is 2.8 percent.

'Baxter remains committed to a disciplined capital allocation strategy, which balances re-investment for growth with returning meaningful value to our investors,'' said Robert J. Hombach, chief financial officer.

Baxter continues to generate strong cash flow and has returned significant value to shareholders in the form of dividends and share repurchases. In 2012, Baxter returned approximately $2.3 billion to shareholders through dividends totaling more than $800 million and share repurchases of approximately $1.5 billion (or approximately 25 million shares).

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

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