Zoetis Declares First Quarter 2020 Dividend; Board Approves 22% Payment Increase
December 11 2019 - 4:22PM
Business Wire
The Board of Directors of Zoetis Inc. (NYSE:ZTS) has declared a
first quarter 2020 dividend payable to holders of the company’s
common stock of $0.20 per share, an increase of 22% from the
quarterly dividend rate paid in 2019. The dividend is to be paid on
Tuesday, March 3, 2020, to holders of record on Friday, January 17,
2020.
“Zoetis continues to drive revenue growth and increase its
financial strength through a diverse and innovative product
portfolio that provides solutions across the continuum of animal
care,” said Glenn David, Executive Vice President and Chief
Financial Officer. “We are well-positioned to generate cash for
future growth and value creation opportunities, and I am pleased to
announce that we are increasing our dividend by 22% in 2020 as part
of our commitment to returning excess capital to shareholders.”
About Zoetis
Zoetis is the leading animal health company, dedicated to
supporting its customers and their businesses. Building on more
than 65 years of experience in animal health, Zoetis discovers,
develops, manufactures and commercializes medicines, vaccines and
diagnostic products, which are complemented by biodevices, genetic
tests and a range of services. Zoetis serves veterinarians,
livestock producers and people who raise and care for farm and
companion animals with sales of its products in more than 100
countries. In 2018, the company generated annual revenue of $5.8
billion with approximately 10,000 employees. 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, 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, 2018, including in the sections thereof captioned
“Forward-Looking Statements 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191211005920/en/
Media: Kristen Seely 1-973-443-2777
(o) kristen.seely@zoetis.com
Christina Lood 1-973-822-7249 (o) christina.lood@zoetis.com
Investors: Steve Frank
1-973-822-7141 (o) steve.frank@zoetis.com
Marissa Patel 1-973-443-2996 (o) marissa.patel@zoetis.com
Zoetis (NYSE:ZTS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Zoetis (NYSE:ZTS)
Historical Stock Chart
From Jul 2023 to Jul 2024