Royalty Pharma increases quarterly dividend by 13% to 17 cents a share

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Royalty Pharma plc said Friday its board has approved a 13% increase in its quarterly dividend to 17 cents a share. The dividend will be paid March 15 to shareholders of record as of Feb. 19. Shares of the company, a buyer of biopharmaceutical royalties which went public last June, were slightly lower premarket, but have gained 11% in the last three months, while the S&P 500 has also gained 11%.
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