make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

PPD dividend hike

WILMINGTON -- In the midst of a troubled economy, one of Wilmington's largest companies is faring well. PPD, also known as Pharmaceutical Product Development, declared its fourth quarter dividend for stockholders on Tuesday. The Board of Directors increased the annual dividend rate by 25 percent to fifty cents per share. This comes at a time when many other companies are losing money or reducing dividends. Financial Planner Ross Marino said this reflects PPD's strength in the clinical/medical field, as well as a good cash position. "I think it's a strong statement about their confidence over the short and medium term. If they weren't confident in their earnings and their cash flow, they probably wouldn't raise the dividend," Marino said. The Wilmington-based company operates in 33 countries.

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.




yep, its great that you are

yep, its great that you are doing so well. The poor will be happy to see this. Oh I'm sorry, you thought you got to keep the money? no chance there, bud. Wealth redistribution, remember?

People layed off

I bet the people in Raleigh that was layed off last week doesn't think so..

They don't mind

They all have stock options so they are not upset.