DEERFIELD, Ill.--(BUSINESS WIRE)--The Board of Directors of Baxter International Inc. (NYSE:BAX) today declared a quarterly dividend of $0.45 per Baxter common share. The dividend is payable on January 3, 2013 to shareholders of record as of December 7, 2012. This represents an annual dividend rate of $1.80 per share. In July, Baxter increased its dividend rate 34 percent. Baxter continues to generate strong cash flow and has returned significant value to shareholders in the form of dividends and share repurchases. Over the last five years (2007-2011), Baxter has generated an average of $2.7 billion in cash flow annually and has returned more than $11.4 billion cumulatively to shareholders through dividends and share repurchases.
