The Board of Directors of Baxter International Inc. (NYSE:BAX) today declared a quarterly dividend of $0.52 per Baxter common share, representing a six percent increase.
This increase results in an annual dividend rate of $2.08 per diluted share. Baxter has more than doubled the dividend since 2008, and the new rate maintains a dividend payout ratio of approximately 40 percent. The dividend is payable on July 1, 2014 to shareholders of record as of June 6, 2014.
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