Baxter (BAX) Raises Quarterly Dividend 13% to $0.13; 1.2% Yield
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Baxter Raises Quarterly Dividend
May 3, 2016 8:30 AM EDTDEERFIELD, Ill.--(BUSINESS WIRE)-- Baxter International Inc. (NYSE: BAX) announced today that its Board of Directors has declared a 13 percent increase in the companys quarterly dividend rate, from the previous rate of $0.115 per Baxter common share to $0.13 per share. The dividend is payable on July 1, 2016 to stockholders of record as of June 3, 2016.
''Our capital allocation strategy balances reinvestment in the business to deliver sustainable growth along with returning value to our stockholders,'' said José (Joe) E. Almeida, chairman and chief executive officer. ''This new rate supports this objective and is... More
