Novartis holders approve all proposed resolutions, raise dividend 2% to CHF 2.30 The majority of Novartis shareholders followed the board's recommendations for all proposed resolutions at the Group's Annual General Meeting. Shareholders approved a dividend with an increase of 2% to CHF 2.30 for 2012. The dividend payment of CHF 2.30 per share for 2012 compared to CHF 2.25 in 2011, represents a payout ratio of approximately 65% of net income from continuing operations. Payment for the 2012 dividend will be made with effect from March 1, 2013.
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Novartis treatment for pigmented villonodular synovitis gets orphan designation According to a post on the FDA's website, Novartis' recombinant human monoclonal antibody of the IgG1 kappa class against human macrophage colony-stimulating factor received orphan designation. Reference Link