DEERFIELD, Ill.--(BUSINESS WIRE)--Baxter International Inc. (NYSE:BAX) today declared a quarterly dividend of $0.13 per Baxter common share. This cash dividend is payable on October 3, 2016 to shareholders of record as of September 2, 2016.
In May 2016, Baxter increased its quarterly dividend rate by 13 percent, reflecting the company’s commitment to returning value to shareholders while also balancing reinvestment in the business. The company has targeted an annual dividend payout ratio of approximately 35 percent of adjusted net income.
