Viatris Announces Third Quarter 2024 Dividend

Rhea-AI Summary

Viatris (NASDAQ: VTRS) has announced its Board of Directors approved a quarterly dividend of $0.12 per share on November 4, 2024. The dividend will be distributed on December 13, 2024, to shareholders recorded as of November 22, 2024. This dividend applies to all issued and outstanding shares of the company's common stock.

Positive

• Maintaining consistent quarterly dividend of $0.12 per share, indicating financial stability

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement of $0.12 per share maintains Viatris' consistent dividend policy, representing an annual yield of approximately 4.2% based on current share prices. This continuation of the dividend program signals financial stability and commitment to shareholder returns. While the pharmaceutical company's dividend remains unchanged from previous quarters, it's notable that Viatris maintains this level of shareholder distribution despite industry challenges. The dividend payout demonstrates the company's steady cash flow generation and balanced capital allocation strategy. For income-focused investors, the relatively high yield compared to industry peers makes VTRS an interesting consideration in the healthcare sector.

PITTSBURGH, Nov. 5, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS) today announced that on November 4, 2024, its Board of Directors declared a quarterly dividend of $0.12 per share for each issued and outstanding share of the Company's common stock. The dividend is payable on December 13, 2024, to shareholders of record as of the close of business on November 22, 2024.

About Viatris

Viatris Inc. (NASDAQ: VTRS) is a global healthcare company uniquely positioned to bridge the traditional divide between generics and brands, combining the best of both to more holistically address healthcare needs globally. With a mission to empower people worldwide to live healthier at every stage of life, we provide access at scale, currently supplying high-quality medicines to approximately 1 billion patients around the world annually and touching all of life's moments, from birth to the end of life, acute conditions to chronic diseases. With our exceptionally extensive and diverse portfolio of medicines, a one-of-a-kind global supply chain designed to reach more people when and where they need them, and the scientific expertise to address some of the world's most enduring health challenges, access takes on deep meaning at Viatris. We are headquartered in the U.S., with global centers in Pittsburgh, Shanghai and Hyderabad, India. Learn more at viatris.com and investor.viatris.com, and connect with us on LinkedIn, Instagram, YouTube and X (formerly Twitter).

Forward-Looking Statements

This press release includes statements that constitute "forward-looking statements." These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements may include statements that Viatris' Board of Directors declared a quarterly dividend of $0.12 per share for each issued and outstanding share of the Company's common stock payable on December 13, 2024, to shareholders of record as of the close of business on November 22, 2024. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: actions and decisions of healthcare and pharmaceutical regulators; changes in healthcare and pharmaceutical laws and regulations in the U.S. and abroad; any regulatory, legal or other impediments to Viatris' ability to bring new products to market, including but not limited to "at-risk" launches; Viatris' or its partners' ability to develop, manufacture, and commercialize products; the scope, timing and outcome of any ongoing legal proceedings, and the impact of any such proceedings; the possibility that Viatris may be unable to realize the intended benefits of, or achieve the intended goals or outlooks with respect to, its strategic initiatives; the possibility that Viatris may be unable to achieve intended or expected benefits, goals, outlooks, synergies, growth opportunities and operating efficiencies in connection with divestitures, acquisitions, other transactions or restructuring programs, within the expected timeframes or at all; goodwill or impairment charges or other losses related to the divestiture or sale of businesses or assets; Viatris' failure to achieve expected or targeted future financial and operating performance and results; the potential impact of public health outbreaks, epidemics and pandemics; any significant breach of data security or data privacy or disruptions to our information technology systems; risks associated with international operations; the ability to protect intellectual property and preserve intellectual property rights; changes in third-party relationships; the effect of any changes in Viatris' or its partners' customer and supplier relationships and customer purchasing patterns; the impacts of competition; changes in the economic and financial conditions of Viatris or its partners; uncertainties and matters beyond the control of management, including general economic conditions, inflation and exchange rates; failure to execute stock repurchases consistent with current expectations; stock price volatility; and the other risks described in Viatris' filings with the Securities and Exchange Commission (SEC). Viatris routinely uses its website as a means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC's Regulation Fair Disclosure (Reg FD). Viatris undertakes no obligation to update these statements for revisions or changes after the date of this press release other than as required by law.

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SOURCE Viatris Inc.

FAQ

What is Viatris (VTRS) Q3 2024 dividend amount?

Viatris declared a quarterly dividend of $0.12 per share for Q3 2024.

When is Viatris (VTRS) Q3 2024 dividend payment date?

The dividend will be paid on December 13, 2024.

What is the record date for Viatris (VTRS) Q3 2024 dividend?

The record date for the dividend is November 22, 2024.

When did Viatris (VTRS) declare its Q3 2024 dividend?

Viatris' Board of Directors declared the dividend on November 4, 2024.