Baxter (BAX) Raises Quarterly Dividend 11.4% to $0.245; 1.1% Yield

Baxter (NYSE: BAX) declared a quarterly dividend of $0.245 per share, or $0.98 annualized. This is an 11.4% increase from the prior dividend of $0.22.

The dividend will be payable on July 1, 2020, to stockholders of record on June 5, 2020, with an ex-dividend date of June 4, 2020.

The annual yield on the dividend is 1.1 percent.

“Baxter’s disciplined capital allocation strategy is focused on driving innovation and increased access for patients, growth for the business, and enhanced value for our investors,” said José (Joe) E. Almeida, chairman and chief executive officer. “The company’s ongoing transformation has strengthened our financial position and allowed us to annually increase our quarterly dividend rate for the fifth straight year.”

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

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