On December 8th, Eli Lilly & Co. raised its quarterly dividend by 1 cent, or 2%, to 51 cents a share. The new dividend will be payable March 10, 2016 to shareholders of record on Feb. 12. At LLY’s Dec 7th closing price of $86.38, the new payout would represent an annual dividend yield of 2.4%, compared with the S&P 500 dividend yield of 2.1%.
With this the forward YOC of my position of LLY has become from 5.02% to 5.22%. Just $12 increase a year.
Disclosure: Long LLY