Baxter International (BAX) declared a quarterly dividend of $0.49 per common share. The dividend is payable on April 1, 2014 to shareholders of record as of March 7, 2014. Baxter's solid pipeline allows it to generate consistent growth in both top and bottom line which further enhances its potential to continue to generate strong cash flow. Consequently, it continues to return significant value to shareholders both in the form of share repurchases and dividends. In the last fiscal year, the company returned more than $1 billion in dividend payments that represent a 27% increase over the 2012 and an 89% increase over the past five years. On top, Baxter is consistently reducing its share count and has returned $913 million to shareholders through buy backs of approximately 13 million shares.