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AmerisourceBergen Corporation
AmerisourceBergen Increases Dividend 33 Percent and Authorizes a New $500 Million Share Repurchase Program
December 13th, 2008
The Board of Directors of AmerisourceBergen Corporation (NYSE:ABC) today increased the Company's quarterly dividend rate 33 percent to $0.10 per common share from $0.075 per common share. The Board of Directors also authorized a new $500 million share repurchase program, effective immediately. The Company will use the new program to repurchase its outstanding shares of common stock subject to market conditions. R. David Yost, AmerisourceBergen President & Chief Executive Officer, said, "Increasing our dividend and authorizing a new share repurchase program illustrates our confidence in delivering long-term shareholder value." On November 12, 2008,...
Source: Law & Health Weekly (2008-12-13)
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