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Eli Lilly and Company (LLY) announced a 2 percent increase in its quarterly dividend. The dividend for the first quarter of 2016 will be $0.51 per share on outstanding common stock. This raises the annual indicated rate to $2.04 per share. The dividend is payable March 10, 2016 to shareholders of record as of the close of business on February 12, 2016.
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