By Colin Kellaher

 

Eli Lilly's board has raised the drug maker's quarterly dividend by 15%, to $1.30 from $1.13.

The new payout, equal to $5.20 a year, represents an annual yield of about 0.88% based on Friday's trading price of $587.22, up from about 0.77%.

The Indianapolis company said the increased dividend is payable March 8 to shareholders of record Feb. 15.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

December 08, 2023 11:53 ET (16:53 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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