Eli Lilly Maintains Quarterly Dividend

Eli Lilly’s (LLY: 39.52 -0.65%) board of directors have approved a quarterly dividend of $.49 per share.

 

The current dividend yield now stands at an amazing 6.0%.

 

The company has maintained their dividend rate from the first quarter. The dividend will be payable on June 10, 2009 to shareholders of record as of May 15, 2009.

 

Since the beginning of the year, Eli Lilly’s shares have fallen almost 19% compared to only a 10% decline in the Dow Jones index.

 

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