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Wyeth board increases dividend by 7.1 percent

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By AP
26 September 2008 @ 07:22 am EST

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MADISON, N.J. - Wyeth said late Thursday its board of directors boosted the drug developer's quarterly dividend by 7.1 percent, citing the company's cash position, receding litigation payments and growth prospects.

Quotes

WYE

33.91

1.88

The dividend, which increased to 30 cents from 28 cents, is payable on Dec. 1 to shareholders of record as of Nov. 13.

Wyeth had just over 1.33 billion shares of common stock outstanding as of July 31, according to its last quarterly report filed with the Securities and Exchange Commission.

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