Glaxo increases 2013 Q2 dividend by 6%

DividendMax Ltd.

Glaxo increases 2013 Q2 dividend by 6%

GSK announces Q2 core EPS growth of 4% and dividend of 18p

  • Core EPS growth of 4% on sales growth of 2% (both CER)
  • Pharma & Vaccines +1%; US +5%; EMAP +2%; Europe flat; Japan -5%
  • Consumer Healthcare +2% (+5% excluding divestments)
  • 3 major US approvals: Breo Ellipta for COPD, Tafinlar & Mekinist for metastatic melanoma
  • Q2 dividend of 18p (+6%)
  • Total share repurchases for 2013 to be £1-2bn

Companies mentioned