Eli Lilly Hikes Dividend

With all of the recent news about Pfizer lately, Eli Lilly’s dividend increase almost slipped under the radar. 

INDIANAPOLIS, Dec. 18 /PRNewswire-FirstCall/ — The board of directors of Eli Lilly and Company (NYSE: LLYNews) today announced a 6.25 percent increase in its quarterly dividend. The board declared a dividend for the first quarter of 2007 of $0.425 a share on outstanding common stock. This raises the annual indicated rate to $1.70 per share and represents the 40th consecutive year in which the company has increased the dividend payment.

Via: Yahoo

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