(RTTNews) - AmerisourceBergen Corp. (ABC: News ) said it increased its quarterly dividend rate 33% to $0.08 per common share from $0.06 per common share. The quarterly dividend of $0.08 per common share would be payable December 7, 2009, to stockholders of record at the close of business on November 23, 2009.

The Board of Directors also authorized a new $500 million share repurchase program, effective immediately. The new repurchase program, combined with $68.1 million remaining on the November 13, 2008 repurchase program, provides AmerisourceBergen with $568.1 million currently authorized for the repurchase of common shares. AmerisourceBergen expects to spend approximately $350 million to repurchase its common shares in fiscal year 2010.

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by RTT Staff Writer

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