By Kathryn Hardison

Eli Lilly & Co. said Monday its board of directors has increased its quarterly dividend 15% to $1.13 per share.

The fiscal first-quarter dividend is payable March 10 to shareholders of record at the close of business Feb. 15, the pharmaceutical company said.

The new dividend compares with Eli Lilly's prior dividend of 98 cents.

Write to Kathryn Hardison at kathryn.hardison@wsj.com

(END) Dow Jones Newswires

December 12, 2022 15:51 ET (20:51 GMT)

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