Published June 10, 2015 4:13pm EDT | Updated June 10, 2015 7:08pm EDT

C.R. Bard Unveils $500 Million Share Buyback, Raises Quarterly Dividend 9% To 24 Cents/shr

C.R. Bard Inc. said Wednesday its board has approved a share buyback program of up to $500 million. Separately, the medical technology company said it is raising its quarterly dividend by 9% to 24 cents a share. The new dividend will be payable July 31 to shareholders of record as of July 20. Shares were up 1.4% in after-hours trade, and are up 2.4% in the year so far, while the S&P 500 has gained 2.3%.