NEW YORK – Becton Dickinson announced on Wednesday that its board has authorized the repurchase of up to 10 million shares of its common stock.
The shares to be repurchased are in addition to the shares still available under the board's previous repurchase authorization in 2021.
The Franklin Lakes, New Jersey, company also said it has repurchased $750 million of its stock to date in its fiscal 2025, which started on Oct. 1, 2024.
In a statement, BD said that the authorizations allow it to repurchase shares of its common stock through open market purchases, privately negotiated transactions, or other methods, and that the timing, manner, number, and value of any shares repurchased will be determined by management.
In addition, BD declared a quarterly dividend of $1.04 per common share payable on March 31, 2025, to holders of record on March 10, 2025. The indicated annual dividend rate is $4.16 per share.
In morning trading on the New York Stock Exchange, shares of Becton Dickinson were up a fraction of a percent at $249.80.