On December 16, 2019 The board of directors of Eli Lilly and Company (NYSE: LLY) reported a 15 percent increase in its quarterly dividend (Press release, Eli Lilly, DEC 16, 2019, View Source [SID1234552396]). The dividend for the first quarter of 2020 will be $0.74 per share on outstanding common stock. This raises the annual indicated rate to $2.96 per share.

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The dividend is payable March 10, 2020, to shareholders of record as of the close of business on February 14, 2020.