As Eli Lilly Shares Gain Over 35% YTD, Drugmaker Announces $15B Share Buyback...

Published on 10 Dec 2024 on Benzinga

As Eli Lilly Shares Gain Over 35% YTD, Drugmaker Announces $15B Share Buyback...

Eli Lilly and Company LLY has announced a significant $15 billion share repurchase program. This decision follows the completion of a previous $5 billion buyback initiative in the fourth quarter of 2024.

What Happened: The company’s board has also approved a 15% increase in its quarterly dividend for the seventh consecutive year, setting the dividend at $1.50 per share for the first quarter of 2025. This dividend will be payable on Mar. 10, 2025, to shareholders recorded by Feb. 14, 2025.

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As Eli Lilly Shares Gain Over 35% YTD, Drugmaker Announces $15B Share Buyback...

Eli Lilly and Company LLY has announced a significant $15 billion share repurchase program. This ...

Benzinga 10 Dec 2024