The Board of Directors of Zoetis Inc. (NYSE:ZTS) has declared a first
quarter 2015 dividend payable to holders of the company’s common stock
of $0.083 per share, an increase of 15% from the quarterly dividend rate
paid in 2014. The dividend is to be paid on Tuesday, Mar. 3, 2015, to
holders of record on Thursday, Jan. 22, 2015.
“In 2014, we continued to demonstrate the strength of our business model
and deliver our long-term value proposition, including returning capital
to our shareholders through our quarterly dividends and recently
announced share repurchase program,” said Zoetis Chief Executive Officer
Juan Ramón Alaix. “With the Board’s approval, I am pleased to announce
we are increasing our dividend by 15% as we head into 2015 and
continuing our commitment to effective and efficient use of our cash.”
About Zoetis
Zoetis
(zô-EH-tis) is the leading animal health company, dedicated to
supporting its customers and their businesses. Building on more than 60
years of experience in animal health, Zoetis discovers, develops,
manufactures and markets veterinary vaccines and medicines, complemented
by diagnostic products and genetic tests and supported by a range of
services. In 2013, the company generated annual revenue of $4.6 billion.
With approximately 9,800 employees worldwide at the beginning of 2014,
Zoetis has a local presence in approximately 70 countries, including 27
manufacturing facilities in 10 countries. Its products serve
veterinarians, livestock producers and people who raise and care for
farm and companion animals in 120 countries. 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, expectations regarding
products, 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, 2013, including in the sections thereof captioned
“Forward-Looking Information 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.
Copyright Business Wire 2014