Eli Lilly and Company (LLY) will raise its quarterly dividend by 6.2 percent from 0.40 to $0.425 per share in the first quarter of 2007. The ex-date for the next dividend is February 13, 2007.
The increased dividend is payable March 9, 2007, to shareholders of Eli Lilly and Co of record at of the close of business on February 15, 2007.
Eli Lilly and Company is a manufacturer of human pharmaceutical products and animal health products. It’s human pharmaceutical products include endocrinology products, neuroscience products, oncology products, immunology products and cardiovascular products. The company's Elanco division develops, manufactures and markets products for both food animals and companion animals. Eli Lilly and Company was incorporated in 1901 in Indiana to succeed to the drug manufacturing business founded in Indianapolis, Indiana, in 1876 by Colonel Eli Lilly.