Quest Diagnostics (DGX) Raises Quarterly Dividend 10.7% to $0.62; Approves $1 Billion Buyback

February 4, 2021 6:44 AM EST

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Quest Diagnostics (NYSE: DGX) declared a quarterly dividend of $0.62 per share, or $2.48 annualized. This is a 10.7% increase from the prior dividend of $0.56.

The dividend will be payable on April 21, 2021, to stockholders of record on April 7, 2021, with an ex-dividend date of April 6, 2021.

The annual yield on the dividend is 2 percent.

Additionally, the Board of Directors has increased the Company's share repurchase authorization by $1 billion. The increased authority is in addition to the $917 million that was available as of December 31, 2020 under the Company's share repurchase program. For the three months ended December 31, 2020, the Company repurchased 2.0 million shares of its common stock for $250 million.

For a dividend history and other dividend-related data on Quest Diagnostics (DGX) click here.

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