Thursday, May 4, 2017

Dividend Increase – Baxter International Inc. (BAX)

Tuesday, 2 May the Board of Directors of Baxter International announced a quarterly dividend increase of from $ 0.13 to $ 0.16 per share that’s payable July 3, 2017 to holders of record June 2, 2017. This represents a 23.1% increase to regular quarterly dividends. With current price $ 55.73 (Wednesdays open), this raise brings their dividend yield to 1.15%.  

“Baxter is pleased to raise our quarterly dividend rate, which reflects the company’s strong financial performance and commitment to enhancing shareholder value,” said José (Joe) E. Almeida, chairman and chief executive officer.  “This new rate aligns with our disciplined approach to capital allocation, as we strategically balance reinvestment in the business to drive sustainable growth along with returning value to our shareholders.” 

Since I own 60 shares of BAX, this will increase my portfolio's projected annual net dividend income by $ 5.36.

That increase rises my YOC to 1.69%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

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