Business & Finance
Lilly's board announces 8% rise in dividend
12 December 2017 -

The board of directors of healthcare company Eli Lilly and Company (NYSE:LLY) approved a dividend of USD0.5625 per share on the company's outstanding common stock for the first quarter 2018, it declared on Monday.

This new payment marks a growth of 8% in its quarterly dividend as well as raises the annual indicated rate to USD2.25 per share.

Shareholders of record at of the close of business as of 15 February 2018 will receive the quarterly dividend on 9 March 2018.

Across the globe, Lilly said it works to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease and give back to communities through philanthropy and volunteerism.