By Stephen Nakrosis 
 

Becton, Dickinson and Co. on Tuesday said its board approved a 5.1% increase in its quarterly dividend to 83 cents a share.

The dividend will be payable on Dec. 31 to shareholders of record as of Dec. 10, the company said.

Tom Polen, president and chief executive of Becton, Dickinson, said, "This is the 49th consecutive fiscal year in which we have raised our dividend. This increase reflects our confidence in our long-term outlook, as well as our ongoing commitment to return capital to our shareholders and create value for all stakeholders."

He also said, "Covid-19 has a significant impact on health care utilization globally. However, our strong execution enabled us to respond swiftly to the pandemic and close the year delivering revenue growth in fiscal Q4, offsetting continued COVID-19 headwinds with the launch of multiple innovative COVID-19 diagnostic solutions while at the same time advancing our long-term growth strategy."

Becton, Dickinson is a medical technology company.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

November 24, 2020 19:04 ET (00:04 GMT)

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