AmerisourceBergen Board Increases Quarterly Dividend Rate By 5% - Quick Facts

(RTTNews) - AmerisourceBergen Corp. (ABC) announced its Board declared a quarterly dividend of $0.40 per common share, a 5% increase in its quarterly dividend rate from $0.38 per common share. The quarterly dividend will be payable December 3, 2018, to stockholders of record at the close of business on November 19, 2018. The company's Board also authorized a new $1.0 billion share repurchase program.

Also, AmerisourceBergen has introduced its fiscal year 2019 financial guidance. The company expects: revenue growth in the mid-single digit percent range; and adjusted diluted earnings per share to be in the range of $6.65 to $6.95.

Fourth-quarter adjusted diluted EPS increased 9.0 percent to $1.45. Revenue increased 10.7 percent to $43.3 billion.