Zoetis Declares First Quarter 2024 Dividend; Board Approves 15% Payment Increase

Rhea-AI Summary

Zoetis Inc. (ZTS) declares a dividend of $0.432 per share for the first quarter of 2024, an increase of 15% from 2023. The dividend will be paid on March 1, 2024, to all holders of record of the Company’s common stock as of January 19, 2024. Executive Vice President and CFO Wetteny Joseph attributes the increase to Zoetis' strong performance and commitment to returning excess capital to shareholders.

Positive

• 15% increase in dividend from 2023
• Strong performance and innovative product portfolio

Negative

• None.

PARSIPPANY, N.J.--(BUSINESS WIRE)-- The Board of Directors of Zoetis Inc. (NYSE:ZTS) has declared a dividend of $0.432 per share for the first quarter of 2024, an increase of 15% from the quarterly dividend rate paid in 2023. The dividend will be paid on Friday, March 1, 2024, to all holders of record of the Company’s common stock as of the close of business on Friday, January 19, 2024.

“Zoetis has continued to perform well this year thanks to our diverse and innovative product portfolio,” said Wetteny Joseph, Executive Vice President and Chief Financial Officer at Zoetis. “I am pleased to announce that we are increasing our dividend in 2024 as part of our commitment to returning excess capital to shareholders.”

About Zoetis

As the world’s leading animal health company, Zoetis is driven by a singular purpose: to nurture our world and humankind by advancing care for animals. After innovating ways to predict, prevent, detect, and treat animal illness for more than 70 years, Zoetis continues to stand by those raising and caring for animals worldwide -- from veterinarians and pet owners to livestock farmers and ranchers. The company’s leading portfolio and pipeline of medicines, vaccines, diagnostics and technologies make a difference in over 100 countries. A Fortune 500 company, Zoetis generated revenue of $8.1 billion in 2022 with approximately 13,800 employees. For more information, visit www.zoetis.com.

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 most recent Annual Report on Form 10-K, 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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View source version on businesswire.com: https://www.businesswire.com/news/home/20231207913574/en/

Media:

Bill Price

1-973-443-2742 (o)

william.price@zoetis.com



Laura Panza

1-973-975-5176 (o)

laura.panza@zoetis.com



Investors:

Steve Frank

1-973-822-7141 (o)

steve.frank@zoetis.com



Nick Soonthornchai

1-973-443-2792 (o)

nick.soonthornchai@zoetis.com

Source: Zoetis Inc.

FAQ

What is the dividend amount declared by Zoetis Inc. for the first quarter of 2024?

Zoetis Inc. (ZTS) has declared a dividend of $0.432 per share for the first quarter of 2024, an increase of 15% from the previous year.

When will the dividend be paid to the shareholders?

The dividend will be paid on March 1, 2024, to all holders of record of the Company’s common stock as of January 19, 2024.

Who announced the increase in dividend for 2024?

Executive Vice President and Chief Financial Officer Wetteny Joseph announced the increase in dividend for 2024, attributing it to Zoetis' strong performance and commitment to returning excess capital to shareholders.