Eli Lilly Announces $15 Billion Share Buyback Plan and 15% Dividend Increase

Share Buyback Plan:
Eli Lilly has announced a new $15 billion share buyback plan, replacing a previous $5 billion plan that ended in the fourth quarter of 202424.

Dividend Increase:
The company has also announced a 15% increase in its quarterly dividend to $1.50 per share, effective from the first quarter of 202524.

Growth Drivers:
The new buyback plan and dividend increase are driven by Eli Lilly's rapid sales and profit growth, particularly in the anti-obesity drug market24.

Market Reaction:
Eli Lilly's shares rose 0.9% following the announcement, outperforming the S&P 500 index2.

Dividend Yield:
The quarterly dividend of $1.50 per share translates to an annual dividend of around $6.00 per share, representing a dividend yield of approximately 0.75%4.

Sources:

2. https://www.marketscreener.com/quote/stock/ELI-LILLY-AND-COMPANY-13401/news/Eli-Lilly-further-share-buybacks-and-dividend-increase-48561906/

4. https://www.zacks.com/stock/news/2381320/lilly-announces-new-15b-stock-buyback-plan-ups-dividend-by-15