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Eli Lilly And Co Declares Dividend; Authorizes $1.5 Billion Share Repurchase Program


Monday, 17 Dec 2012 04:45pm EST 

Eli Lilly And Co announced declared a dividend for the first quarter of 2013 of $0.49 per share on outstanding common stock. The dividend is payable March 8, 2013 to shareholders of record at the close of business on February 15, 2013. The directors also authorized the initiation of a new $1.5 billion share repurchase program, which the company anticipates completing in 2013. The Company recently completed a $3.0 billion share repurchase program that was started in 2000. All purchases under the new $1.5 billion share repurchase program will be made on the open market at prevailing prices. Purchases will be made over a period to be determined by management of the company. Shares acquired will be retired. 

Company Quote

62.84
0.31 +0.50%
4:01pm EDT