- Strong Banks, Weak Credit: Treasury Rethinks TARP
- How Many US Consumers Will Shop this Weekend?
- Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior
- GE Capital Losses May See Dramatic Fall: JP Morgan
- Obama says Boosting US Jobs is Top Priority
- World's Largest Share Issue Priced at Deep Discount
- Hormel Profit Jumps Despite Declining Sales
- Heinz Profit Falls, Raises Full-Year View
- Playboy to Outsource Most Magazine Operations: Report
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- Airlines: No review for frequent flier programs
- Ahead of the Bell: Eastman Chemical upgraded
- Turkey tips from experts at Butterball University
- At turkey boot camp, no need for a scrub brush
- Warner Music 4Q results hurt by severance costs
- Citigroup sells Diners Club N. American ops
- Hormel 4Q profit rises 50 percent, but sales slip
- EU antitrust raid on Czech power firm
- Daimler signs Russia truck deals with Kamaz
AmerisourceBergen raises dividend
Text Size 
VALLEY FORGE, Pa. - AmerisourceBergen Corp. said Thursday the board raised its quarterly dividend 33 percent and approved a $500 million share-buyback plan.
The dividend was raised to 8 cents per share from 6 cents per share and is payable Dec. 7 to stockholders of record on Nov. 23.
The share-repurchase authorization was in addition to $68.1 million remaining on a November 2008 program. The company said it expects to spend $350 million buying back shares in fiscal 2010.
AmerisourceBergen, which provides distribution and other services for pharmaceutical companies, has about 288 million shares outstanding.
The shares fell 29 cents to $23.98 in regular trading Thursday.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Print
Email
- A diet high in fat and sugar might actually be good for your portfolio.
- Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
- From the AIG&T to the Merrill Lychee, Jane Wells lists this year's fashionable holiday cocktails.
- One shopper explains why – aside from the prices – he gets up at 3am on the day after Thanksgiving to go shopping every year.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
Data is a real-time snapshot *Data is delayed at least 15 minutes