Zoetis Declares First Quarter 2021 Dividend; Board Approves 25% Payment Increase
Zoetis Inc (NYSE:ZTS) has announced a 25% increase in its quarterly dividend, raising it to $0.25 per share for the first quarter of 2021. This increase reflects the company's strength and resilience in the animal health sector. The dividend will be paid on March 1, 2021, to shareholders on record as of January 20, 2021. Executive Vice President and CFO Glenn David noted the company's confidence in generating cash for future investments and their commitment to returning excess capital to shareholders.
- 25% increase in dividend to $0.25 per share, effective March 1, 2021.
- Confident outlook for generating cash for future investments.
- None.
PARSIPPANY, N.J.--(BUSINESS WIRE)--The Board of Directors of Zoetis Inc. (NYSE:ZTS) has declared a first quarter 2021 dividend payable to holders of the company’s common stock of
“Zoetis continues to demonstrate its resiliency and strength thanks to the essential nature of our business and our diverse and innovative product portfolio,” said Glenn David, Executive Vice President and Chief Financial Officer. “We are well-positioned to generate increased cash for future investment opportunities that will benefit our customers, and I am pleased to announce that we are increasing our dividend by
About Zoetis
Zoetis is the leading animal health company, dedicated to supporting its customers and their businesses. Building on more than 65 years of experience in animal health, Zoetis discovers, develops, manufactures and commercializes medicines, vaccines and diagnostic products, which are complemented by biodevices, genetic tests and precision livestock farming. Zoetis serves veterinarians, livestock producers and people who raise and care for farm and companion animals with sales of its products in more than 100 countries. In 2019, the company generated annual revenue of
DISCLOSURE NOTICES
Forward-Looking Statements: This press release contains forward-looking statements, which reflect the current views of Zoetis with respect to business plans or prospects, future operating or financial performance, future use of cash and dividend payments, and other future events. These statements are not guarantees of future performance or actions. Forward-looking statements are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, or if management's underlying assumptions prove to be incorrect, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Zoetis expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, including in the sections thereof captioned “Forward-Looking Statements and Factors That May Affect Future Results” and “Item 1A. Risk Factors,” in our Quarterly Reports on Form 10-Q and in our Current Reports on Form 8-K. These filings and subsequent filings are available online at www.sec.gov, www.zoetis.com, or on request from Zoetis.
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