Eli Lilly And Company Announces Increase In Quarterly Dividend From $1.13 To $1.30 Per Share
Portfolio Pulse from Benzinga Newsdesk
Eli Lilly and Company (NYSE:LLY) has announced a 15% increase in its quarterly dividend, raising it from $1.13 to $1.30 per share. The dividend will be payable on March 8, 2024, to shareholders of record as of February 15, 2024.
December 08, 2023 | 4:28 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Eli Lilly has raised its quarterly dividend by 15%, indicating a strong financial position and commitment to returning value to shareholders.
Dividend increases are typically seen as a positive signal about a company's financial health and future prospects. It suggests that Eli Lilly is confident in its ability to generate cash flow and is committed to rewarding shareholders. This news is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100