Business Magazine

Eli Lilly & Co. - LLY

Posted on the 15 September 2011 by Divstkforcomman @DivStkForComMan
Eli Lilly & Company was founded in 1876. That's 135 years of consistant growth and success! LLY discovers, develops, manufactures and sells pharmaceutical products. LLY manufactures and distributes its products through facilities in the United States, Puerto Rico, and 17 other countries. LLY products are sold in approximately 125 countries. Their products include neuroscience products, endocrinology products, oncology products, cardiovascular products, animal health products and other pharmaceuticals. In the United States, Eli Lilly and Company distributes pharmaceutical products principally through independent wholesale distributors.
LLY currently pays their shareholders $0.49/share. That's a hefty 5.24% dividend yield! You have to love that yield within such a stable stock. Their stock price is $37.44, however it rose over $100.00 back in August of 2000. Yes, the past is the past, but that being said, LLY at $37.44... this is a historic low for such for a solid company with a good dividend to tide you over while you wait for better times.  I think the market is underestimating LLY's ability to generate new revenue streams as existing patents can go generic. Top management at LLY are not dummies at the helm. They practically have a monopoly on insulin production in the United States and the incidence of diabetes is on a steady rise. I also like that since LLY is a drug developer their success is not necessarily bound to the economy. LLY has performed 3 stock splits (1989, 1995 and 1997). They are due for another split. Another good reason to pick up as many shares as you can before this one pops!
Here is Eli Lilly's home page, click here.  And for their Investor relations site, click here. Please watch the video below to learn more about this stable, high yielding dividend aristocrat! Inject your Roth IRA stock portfolio with a massive amount of LLY shares.

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