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SMALL BUSINESS
PPD board declares 15 cent quarterly dividend
AP
WILMINGTON, N.C. -Drug development contractor PPD Inc. said Wednesday its board of directors declared a 15 cent quarterly dividend.
The dividend is payable Dec. 29 to shareholders of record as of Dec. 15.
In May, the company boosted the annual dividend rate 20 percent to 60 cents from 50 cents. The rate breaks down to 15 cents per share quarterly.
Shares of PPD fell 3 cents to $$20.49 in after-hours trading after falling 35 cents to close at $20.52 during the regular trading session.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-11 16:48:25
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