Dividend Increase – Baxter International Inc. (BAX)

Today, 8 May the Board of Directors of Baxter International announced a quarterly dividend increase of from $ 0.16 to $ 0.19 per share that’s payable July 2, 2017 to holders of record June 1, 2017. This represents a 18.75% increase to regular quarterly dividends. With current price $ 70.15 (todays open), this raise brings their dividend yield to 1.08%.  

“Baxter is pleased to raise our quarterly dividend rate,” said José (Joe) E. Almeida, chairman and chief executive officer. “The new rate reflects our strong financial position and continued transformation to deliver industry-leading performance, as we strategically deploy capital to fuel growth and enhance stockholder value.”

This was Baxter's second dividend increase after Baxalta spinoff.

 

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 2.01%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long BAX

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