Zoetis Increases Q1 Dividend From $0.3750 To $0.432 Per Share
Portfolio Pulse from Benzinga Newsdesk
Zoetis Inc. (NYSE:ZTS) has announced a 15% increase in its quarterly dividend for Q1 2024, raising it from $0.3750 to $0.432 per share. The dividend is payable on March 1, 2024, to shareholders of record as of January 19, 2024. The company's EVP and CFO, Wetteny Joseph, cited Zoetis's strong performance and diverse product portfolio as reasons for the dividend increase.
December 07, 2023 | 9:24 pm
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Zoetis Inc. has raised its quarterly dividend by 15%, indicating strong financial health and a commitment to shareholder returns.
Dividend increases are typically seen as a positive signal about a company's financial well-being and future prospects. It suggests that Zoetis is generating sufficient cash flow and has a positive outlook, which can attract income-focused investors and potentially boost the stock price in the short term.
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