Lilly’s board OKs 15% dividend increase

Eli Lilly & Co. said Monday that its board has authorized a 15% increase in the pharma company’s quarterly dividend to $1.13 a share. The dividend is payable on March 10 to shareholders of record on Feb. 15, the company said. Lilly stock rose more than 1% on Monday, tracking the broader market, and has gained 33% this year, contrasting with losses of around 16% for the S&P 500 index.

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