The Board of Directors of Zoetis Inc. has declared a first quarter 2015 dividend payable to holders of the company’s common stock of $0.083 per share, an increase of 15 per cent from the quarterly dividend rate paid in 2014. The dividend is to be paid on Tuesday 3 March 2015, to holders of record on Thursday 22 January 2015.

Zoetis Chief Executive Officer, Juan Ramón Alaix, said: “In 2014, we continued to demonstrate the strength of our business model and deliver our long-term value proposition, including returning capital to our shareholders through our quarterly dividends and recently announced share repurchase programme.

“With the Board’s approval, I am pleased to announce we are increasing our dividend by 15 per cent as we head into 2015 and continuing our commitment to effective and efficient use of our cash.”