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Lilly Approves $15 Billion in Share Buybacks, Raises Dividend

stock :: 2024-12-10 :: source - bloomberg


By John Lauerman

(Bloomberg) -- Eli Lilly & Co. approved a program to buy back as much as $15 billion of its own shares amid rapid growth fueled in part by the blockbuster weight-loss drug Zepbound.

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The company also raised its quarterly dividend 15%, according to a statement Monday. The shares rose as much as 1.3% in late trading after the US markets closed.

The share repurchases may be made from time to time at management’s discretion, Lilly said.

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