C.R. Bard hikes dividend 5%, sets buyback
6/13/12 4:58 PM ET (MarketWatch)
SAN FRANCISCO (MarketWatch) -- C.R. Bard said Wednesday it will increase its annual dividend by 5% to 80 cents a share and buy back up to $500 million worth of its own shares. The New Jersey-based medical device maker said it will pay a quarterly dividend of 20 cents a share on Aug. 3 to shareholders of record July 23, 2012. The dividend hike is the company's fifth over the last five years, and follows dividend increases announceed Wednesday by Caterpillar and Target . C.R. Bard shares closed Wednesday at $99.44, putting the stock's gain at 16% year-to-date.
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