Eli Lilly announces dividend increase

The board of directors of Eli Lilly has announced a 2 percent increase in its quarterly dividend.

The dividend for the first quarter of 2017 will be $0.52 per share on outstanding common stock. This raises the annual indicated rate to $2.08 per share, said Eli Lilly in its press release.

The dividend is payable March 10, 2017, to shareholders of record at of the close of business on February 15, 2017.