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Lilly Announces 2021 Financial Guidance, Updates 2020 Guidance
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Lilly Raises 2020 Outlook; Sees 2021 In Line With View
INDIANAPOLIS (dpa-AFX) - Eli Lilly and Co. (LLY) said it raised its outlook for fiscal year 2020. It expects to deliver strong financial and operational performance in 2021, highlighted by volume-based revenue growth, operating margin expansion, pipeline advancements and solid cash flow. The company also plans to return cash to shareholders through an increased dividend and its ongoing share repurchase program, while maintaining strong investment grade ratings.
Josh Smiley, Lilly s chief financial officer, said .. Reflecting this growth, we have announced a 15 percent increase in our dividend for 2021. One year after we outlined our high-level outlook through 2025, we are increasingly confident in our ability to deliver top-tier revenue growth and operating margin percent expansion into the mid-to-high 30s during this timeframe.