Allergan plc (AGN) will start paying a quarterly dividend of $0.70 per share next year.

"The Allergan Board of Directors has expanded the share repurchase authorization to $15 billion including authorization of an accelerated share repurchase (ASR) agreement to purchase up to $10 billion of Allergan common stock and the initiation of a quarterly dividend of $0.70 per share beginning in the first quarter of 2017. These actions underscore the conviction we have in the strong future free cash flow generation of the Company, and demonstrate our desire to achieve the right balance between returning significant capital to our shareholders while maintaining our investment-grade credit ratings and preserving sufficient firepower to continue to invest for growth," added Saunders.

Dublin based Allergan is a biopharmaceutical company, maybe best known for it's Botox brand. Based on a $203 stock price the dividend yield will be 1.4%.

Allergan plc, headquartered in Dublin, Ireland, is a pharmaceutical company. The company makes branded pharmaceutical, device, biologic, surgical and regenerative medicine products. Allergan markets a portfolio of brands and products for the central nervous system, eye care, medical aesthetics and dermatology, gastroenterology, women's health, urology and anti-infective therapeutic categories. The company's best known brand is Botox.