SECAUCUS, N.J., Feb. 4, 2021 /PRNewswire/ -- Quest Diagnostics
Incorporated (NYSE: DGX), the world's leading provider of
diagnostic information services, announced today the Company's
Board of Directors has authorized a 10.7% increase in its quarterly
dividend from $0.56 to $0.62 per share. The increase is effective with
the dividend payable on April 21,
2021 to shareholders of record of Quest Diagnostics common
stock on April 7, 2021. With the
increase, the annual dividend will be $2.48 per share. This dividend increase is the
Company's tenth since 2011.
Additionally, the Board of Directors has increased the Company's
share repurchase authorization by $1
billion. The increased authority is in addition to the
$917 million that was available as of
December 31, 2020 under the Company's
share repurchase program. For the three months ended
December 31, 2020, the Company
repurchased 2.0 million shares of its common stock for $250 million.
Quest will hold its quarterly conference call to discuss results
for the Fourth Quarter and Full Year 2020 at 8:30 a.m. Eastern Time today. The conference
call can be accessed by dialing 888-455-0391 within the U.S. and
Canada, or 773-756-0467
internationally, using the passcode: "7895081." The earnings
release and live webcast will be posted on
www.QuestDiagnostics.com/investor. The Company suggests
participants dial in approximately 10 minutes before the call.
About Quest Diagnostics
Quest Diagnostics empowers people to take action to improve
health outcomes. Derived from the world's largest database of
clinical lab results, our diagnostic insights reveal new avenues to
identify and treat disease, inspire healthy behaviors and improve
health care management. Quest annually serves one in three adult
Americans and half the physicians and hospitals in the United States, and our nearly 50,000
employees understand that, in the right hands and with the right
context, our diagnostic insights can inspire actions that transform
lives. www.QuestDiagnostics.com.
SOURCE Quest Diagnostics
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SOURCE Quest Diagnostics