Baxter Declares Quarterly Dividend, Increases Rate 30 Percent

Baxter International declared a quarterly dividend of $0.2175 per common share, representing an increase of 30 percent over its previous quarterly rate.

Earlier this year, Baxter reinstituted a quarterly schedule for payment of dividends and increased the dividend rate by 15 percent, it said.

In addition, through the third quarter of this year, Baxter accelerated share repurchases, buying back a total of $1.6 billion in common stock, or 30.4 million shares.