|
AstraZeneca PLC said it intends to raise its annualised dividend for 2024, citing confidence in its business performance and cash generation. The Cambridge, England-based pharmaceutical company said the increase will be by 20 US cents to $3.10 per share. For 2023, AstraZeneca had paid a total dividend of $2.90, which was unchanged from 2022, despite skyrocketing profit on the back of lower sales costs. Chair Michel Demare said: ‘This uplift is in line with our progressive dividend policy, which remains unchanged, and reflects the continuing strength of AstraZeneca’s investment proposition for shareholders.’ In February, Astra had reported a surge in pretax profit for 2023 to $6.90 billion from $2.50 billion in 2022. Revenue edged up 3.3% to $45.81 billion from $44.35 billion, though Astra had noted a 21% jump in total revenue from oncology. Notably, cost of sales were cut by 33% to $8.27 billion from $12.39 billion. AstraZeneca shares were 1.2% higher at 10,858.00 pence each on Thursday morning in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
