Baxter (BAX) Declares $0.16 Quarterly Dividend, 1% Yield; Boosts Share Buyback by $1.5B to $2.3B

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Go back to Baxter (BAX) Declares $0.16 Quarterly Dividend, 1% Yield; Boosts Share Buyback by $1.5B to $2.3B

Baxter Declares Quarterly Dividend and Announces Expanded Share Repurchase Authorization

February 20, 2018 9:00 AM EST

DEERFIELD, Ill.--(BUSINESS WIRE)-- Baxter International Inc. (NYSE: BAX) today announced a quarterly cash dividend and an expanded authorization for its share repurchase program.

The Board of Directors of Baxter has declared a quarterly cash dividend of $0.16 per share of common stock, payable on April 2, 2018, to stockholders of record as of March 2, 2018. The indicated annual dividend rate is $0.64 per share of common stock.

Baxters Board of Directors also has approved a $1.5 billion increase in authorization for the companys existing share repurchase plan. Based on these actions, the share repurchase plan has... More