Zoetis Declares First Quarter 2016 Dividend; Board Approves 14.5% Payment Increase
December 16 2015 - 4:30PM
Business Wire
The Board of Directors of Zoetis Inc. (NYSE:ZTS) has declared a
first quarter 2016 dividend payable to holders of the company’s
common stock of $0.095 per share, an increase of 14.5% from the
quarterly dividend rate paid in 2015. The dividend is to be paid on
Tuesday, March 1, 2016, to holders of record on Thursday, Jan. 21,
2016.
“Zoetis has continued to distinguish itself as a world leader in
the growing animal health industry this year, based on our global
scale, diverse portfolio and track record of innovation. We
continue to invest in critical internal and external growth
opportunities for Zoetis that create value, while returning excess
capital to our shareholders,” said Zoetis Chief Executive Officer
Juan Ramón Alaix. “With the Board’s approval, I am pleased to
announce we are increasing our dividend by 14.5% as we head into
2016 and continuing our commitment to effective and efficient use
of our cash.”
About Zoetis
Zoetis (zô-EH-tis) is the leading animal health company,
dedicated to supporting its customers and their businesses.
Building on more than 60 years of experience in animal health,
Zoetis discovers, develops, manufactures and markets veterinary
vaccines and medicines, complemented by diagnostic products and
genetic tests and supported by a range of services. In 2014, the
company generated annual revenue of $4.8 billion. With
approximately 10,000 employees worldwide at the beginning of 2015,
Zoetis serves veterinarians, livestock producers and people who
raise and care for farm and companion animals with sales of
its products in 120 countries. For more information,
visit www.zoetis.com.
DISCLOSURE NOTICES
Forward-Looking
Statements: This press release contains forward-looking
statements, which reflect the current views of Zoetis with respect
to business plans or prospects, future operating or financial
performance, expectations regarding products, future use of cash
and dividend payments, and other future events. These statements
are not guarantees of future performance or actions.
Forward-looking statements are subject to risks and uncertainties.
If one or more of these risks or uncertainties materialize, or if
management's underlying assumptions prove to be incorrect, actual
results may differ materially from those contemplated by a
forward-looking statement. Forward-looking statements speak only as
of the date on which they are made. Zoetis expressly disclaims any
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
A further list and description of risks, uncertainties and other
matters can be found in our Annual Report on Form 10-K for the
fiscal year ended December 31, 2014, including in the sections
thereof captioned “Forward-Looking Information and Factors That May
Affect Future Results” and “Item 1A. Risk Factors,” in our
Quarterly Reports on Form 10-Q and in our Current Reports on Form
8-K. These filings and subsequent filings are available online at
www.sec.gov, www.zoetis.com, or on request from Zoetis.
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version on businesswire.com: http://www.businesswire.com/news/home/20151216006273/en/
Media:Elinore White, 1-973-443-2835
(o)elinore.y.white@zoetis.comorKristen Seely, 1-973-443-2777
(o)kristen.seely@zoetis.comorInvestor:John O'Connor, 1-973-822-7088
(o)john.oconnor@zoetis.comorSteve Frank, 1-973-822-7141
(o)steve.frank@zoetis.com
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