Quest Diagnostics Inc. DGX, -3.12% said Thursday its board has approved a 10.7% increase in its quarterly dividend to 62 cents a share. The new dividend will be payable April 21 to shareholders of record as of April 7. The board has also approved a $1 billion increase in the company’s share buyback authorization, which still has $917 million available. Shares were down 2.5% premarket, but have gained 14% in the last 12 months, while the S&P 500 SPX, +0.10% has gained 18%.
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