INDIANAPOLIS, Dec. 15, 2014 /PRNewswire/ -- The board of directors of Eli Lilly and Company (NYSE: LLY) today announced a 2 percent increase in its quarterly dividend. The board has declared a dividend for the first quarter of 2015 of $0.50 per share on outstanding common stock. This raises the annual indicated rate to $2.00 per share.
"We are pivoting from an unprecedented period of patent expirations to launching a new wave of Lilly medicines," said John C. Lechleiter, Ph.D., Lilly's chairman, president and chief executive officer. "The increase in our dividend signals continued confidence in Lilly's future and confirms our commitment to return additional cash to shareholders."
The dividend is payable March 10, 2015 to shareholders of record at the close of business on February 13, 2015.
About Eli Lilly and Company
Lilly is a global healthcare leader that unites caring with discovery to make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at www.lilly.com and http://newsroom.lilly.com/social-channels. F-LLY
SOURCE Eli Lilly and Company