$15 billion plan triples Lilly’s share buyback record

12 December 2024

A plan to buy back a whopping $15 billion worth of shares comes in at three times the previous largest scheme in Eli Lilly’s (NYSE: LLY) history.

That program itself was only completed this quarter. The unprecedented move underscores the drugmaker’s strong financial performance, led by key drugs Mounjaro (tirzepatide) and Zepbound (retatrutide).

The company also declared a 15% increase in its quarterly dividend, marking the seventh consecutive annual boost.

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