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Eli Lilly hikes quarterly dividend 15%

Eli Lilly & Co. LLY, +0.25% said Monday that its board hiked its dividend by 15%. The drug maker said the 98-cents-a-share dividend will be paid to shareholders of record as of Feb. 15 on March 10. Shares of Lilly rose 1.8% to $248.61 in late session trading, and are up 55% over the past 12 months, compared with a 25% rise in the S&P 500 index SPX, -1.04%.

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