Gilead Sciences Announces 2.7 Percent Increase in First Quarter 2023 Dividend

Rhea-AI Summary

Gilead Sciences, Inc. (NASDAQ: GILD) has declared a 2.7% increase in its quarterly cash dividend, now set at $0.75 per share. This increase will begin in the first quarter of 2023, with dividends payable on March 30, 2023 to stockholders on record by March 15, 2023. Future dividends are contingent on Board approval. Gilead continues to focus on innovative medicines for serious diseases, including HIV and cancer, operating in over 35 countries globally.

Positive

• Quarterly cash dividend increased by 2.7% to $0.75 per share.
• Demonstrates confidence in financial health and commitment to shareholders.

Negative

• Future dividends are subject to Board approval, introducing uncertainty.

FOSTER CITY, Calif.--(BUSINESS WIRE)-- Gilead Sciences, Inc. (Nasdaq: GILD) today announced that the company’s Board of Directors has declared an increase of 2.7% in the company’s quarterly cash dividend, beginning in the first quarter of 2023. The increase will result in a quarterly dividend of $0.75 per share of common stock. The dividend is payable on March 30, 2023, to stockholders of record at the close of business on March 15, 2023. Future dividends will be subject to Board approval.

About Gilead Sciences

Gilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis and cancer. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, California.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230201006125/en/

Investors:

Jacquie Ross, CFA

investor_relations@gilead.com

Media:

Ashleigh Koss

public_affairs@gilead.com

Source: Gilead Sciences, Inc.

FAQ

What is Gilead's new dividend amount and payment date?

Gilead's new quarterly dividend amount is $0.75 per share, payable on March 30, 2023.

When is the record date for Gilead's dividend?

The record date for Gilead's dividend is March 15, 2023.

How often does Gilead pay dividends?

Gilead pays dividends quarterly, pending Board approval.

Is Gilead's dividend sustainable?

The sustainability of Gilead's dividend depends on future Board approvals and company performance.