Lilly Announces Dividend Increase

Business Wire,  Dec 16, 2002  

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Business Editors, Health/Medical Writers

INDIANAPOLIS--(BUSINESS WIRE)--Dec. 16, 2002

The board of directors of Eli Lilly and Company (NYSE:LLY) today announced an 8 percent increase in its quarterly dividend. The board declared a dividend for the first quarter of 2003 of 33.5 cents a share on outstanding common stock. This raises the annual indicated rate to $1.34 per share and represents the 35th consecutive year in which the company has increased the dividend payment.

The dividend is payable March 10, 2003, to shareholders of record at the close of business on February 14, 2003.

Lilly, a leading innovation-driven corporation, is developing a growing portfolio of best-in-class pharmaceutical products by applying the latest research from its own worldwide laboratories and from collaborations with eminent scientific organizations. Headquartered in Indianapolis, Ind., Lilly provides answers - through medicines and information - for some of the world's most urgent medical needs. Additional information about Lilly is available at www.lilly.com.

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