RTTNews | Aug 12, 2021 12:08PM EDT

12:07 Thursday, August 12, 2021 (RTTNews.com) - New Jersey-based healthcare company Organon & Co. (OGN) is 10% higher on the market after announcing a dividend for the stakeholders on Thursday.

The net income for the quarter was $431 million or $1.70 earnings per share, down from $586 million or $2.31 earnings per share last year.

On an adjusted basis, the income was $437 million or $1.72 per share, down from $640 million or $2.52 earnings per share in the same quarter last year.

The revenue for the quarter grew 5% to $1.59 billion from $1.52 billion last year due to a 40% increase in the sale of contraceptive implants year-on-year.

The board declared a $0.28 dividend for the shareholders payable on September 13 to the investors of record by the close of August 23.

The shares are currently trading hands at $33.14, up $3.21 or 10.73% from their previous close at $ 29.93. The shares opened at $31.06 and in the 52-week period, the shares have ranged between $27.25 and $38.75.

Read the original article on RTTNews ( https://www.rttnews.com/3218544/organon-stock-up-10-on-quarterly-results.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved