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VALLEY FORGE, Pa. - Drug distributor AmerisourceBergen Corp. said Thursday it has raised its dividend rate and authorized a new $500 million stock buyback plan.
| ABC | 18.98 |  0.47 |
The company's board of directors raised the dividend 33 percent to 10 cents per share from 7.5 cents per share.
Amerisource said it would use the new $500 million purchase program to buy back common stock, subject to certain market conditions. The company completed its previous buyback program, authorized last year, on Thursday.
Company shares rose $1.81, or 6.4 percent, to close at $30.29.
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