PDL BioPharma (PDLI) Cuts Dividend to $0.05 Quarterly; 6.3% Yield

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PDL BioPharma Announces 2016 First Quarter Dividend

February 1, 2016 4:02 PM EST

INCLINE VILLAGE, Nev., Feb. 1, 2016 /PRNewswire/ -- PDL BioPharma, Inc. (NASDAQ: PDLI) today announced that its board of directors has declared a $0.05 per share dividend for the first quarter of 2016.  The dividend will be paid on March 11, 2016 to all stockholders who own shares of PDL on March 4, 2016, the record date for the first quarter dividend payment.

John P. McLaughlin, president and chief executive officer of PDL, stated, "Our dividends are an important element of our commitment to return value to our shareholders. Currently, as a provider of... More