Baxter Declares Quarterly Dividend

Rhea-AI Summary

Baxter International Inc. (NYSE:BAX) declared a quarterly cash dividend of $0.29 per share, payable on April 3, 2023, to shareholders of record as of February 24, 2023. This indicates an annual dividend rate of $1.16 per share. The company has a rich history of over 90 years in providing healthcare solutions across more than 100 countries. This dividend declaration reflects Baxter's commitment to returning value to its shareholders amidst a stable operational strategy.

Positive

• Quarterly cash dividend declared at $0.29 per share.
• Indicated annual dividend rate of $1.16 per share.
• Commitment to returning value to shareholders.

Negative

• Forward-looking statements indicate potential variability in dividend payout.

DEERFIELD, Ill.--(BUSINESS WIRE)-- Baxter International Inc. (NYSE:BAX), a global medtech leader, today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per share of common stock. The dividend is payable on April 3, 2023, to shareholders of record as of February 24, 2023. The indicated annual dividend rate is $1.16 per share of common stock.

About Baxter

Every day, millions of patients, caregivers and healthcare providers rely on Baxter's leading portfolio of diagnostic, critical care, kidney care, nutrition, hospital and surgical products used across patient homes, hospitals, physician offices and other sites of care. For more than 90 years, we've been operating at the critical intersection where innovations that save and sustain lives meet the healthcare providers who make it happen. With products, digital health solutions and therapies available in more than 100 countries, Baxter's employees worldwide are now building upon the company's rich heritage of medical breakthroughs to advance the next generation of transformative healthcare innovations. To learn more, visit www.baxter.com and follow us on Twitter, LinkedIn and Facebook.

This release includes forward-looking statements concerning the company’s capital allocation, which currently includes the issuance of quarterly dividends. These forward-looking statements are based on assumptions about many factors and it is possible that Baxter’s annual dividend payout rate may differ, possibly materially, from the anticipated annual indicative dividend described herein. For information about some of the risks and important factors that could affect Baxter’s future results, financial condition and liquidity, see Baxter’s most recent filings on Forms 10-K and 10-Q and other SEC filings, all of which are available on Baxter’s website. Baxter does not undertake to update its forward-looking statements unless otherwise required by the federal securities laws.

Baxter is a registered trademark of Baxter International Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005728/en/

Media Contact

Steve Brett, (224) 948-5353

media@baxter.com

Investor Contact

Clare Trachtman, (224) 948-3020

Source: Baxter International Inc.

FAQ

When is the Baxter dividend payment date?

The Baxter dividend is payable on April 3, 2023.

What is the amount of Baxter's quarterly dividend?

Baxter's quarterly dividend is $0.29 per share.

What is Baxter's annual dividend rate?

The indicated annual dividend rate for Baxter is $1.16 per share.

What are the risks associated with Baxter's dividend declarations?

Baxter's forward-looking statements suggest that the annual dividend payout may differ materially from the anticipated rate.