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Lillya[euro](tm)s board declares USD0.49 Q1 2013 dividend; authorises new USD1.5bn share repurchase programme.

M2 EQUITYBITES-December 18, 2012-Lillya[euro](tm)s board declares USD0.49 Q1 2013 dividend; authorises new USD1.5bn share repurchase programme(C)2012 M2 COMMUNICATIONS

The board of directors of pharmaceutical products company Eli Lilly and Company (NYSE:LLY) on Monday declared a dividend of USD0.49 per share on the company's outstanding stock for the first quarter of 2013.

This dividend pay out will be made on 8 March 2013 to shareholders of record at the close of business on 15 February 2013.

Also, Lilly's board authorised the initiation of a new USD1.5bn share repurchase programme, which the company expects to complete in 2013. The company had recently completed a USD3.0bn share repurchase programme that began in 2000.

All purchases under this new USD1.5bn share repurchase programme will be made on the open market at prevailing prices and will be made over a period to be determined by management of the company. Shares acquired will be retired, the company added.

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Publication:M2 EquityBites (EQB)
Date:Dec 18, 2012
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