GlaxoSmithKline (GSK) is the world’s third largest pharmaceutical company. Its product range covers all the major illnesses that we suffer from, including asthma, cancer, virus control, infections, mental health, diabetes and digestive conditions. Diabetes medication is increasing in demand as more people develop obesity related illnesses.
A Brief History of GlaxoSmithKline
GlaxoSmithKline is the result of several mergers. In 1880 Burroughs Wellcome & Company was formed in London and then in 1904 Glaxo was founded in New Zealand. In 1995 Burroughs Wellcome and Glaxo merged to form GlaxoWellcome.
In 1843 Thomas Beecham developed and marketed laxatives and founded the Beecham Group. In 1830 a John K. Smith started out in pharmaceuticals in Philadelphia. He was joined by Mahlon Kline in 1865 and in 1875 the business was renamed Smith, Kline & Co. In 1891 it merged with French, Richard and Company and became Smith Kline & French Laboratories. In 1963 it decided to focus on vaccinations and after more mergers became SmithKline Beckman in 1982.
In 1988 SmithKline Beckman bought International Clinical Laboratories and then the following year it merged with Beecham to become SmithKline Beecham plc. after moving its headquarters to the UK.
In 2000 Glaxo Wellcome and SmithKline Beecham merged to become GlaxoSmithKline. This was once of the biggest corporate actions mergers of all time.
Terms of the Glaxo Wellcome Merger
The terms of the merger were one new GlaxoSmithKline share for each Glaxo Wellcome share held and 0.4552 GlaxoSmithKline shares for each SmithKline Beecham share. The effective date was 27th December, 2000.
Glaxo Share Prices
See all the latest prices on Google Finance: www.google.com/finance?q=LON:GSK
- GlaxoSmithKline plc
- 980 Great West Road
- Middlesex TW8 9GS
- Tel: +44 (0)20 8047 5000
- Fax: +44 (0)20 8047 7807
- Website: www.gsk.com
- Equiniti Limited
- Aspect House
- Spencer Road
- West Sussex BN99 6DA
- Shareholder Portal: www.shareview.co.uk
GlaxoSmithKline Dividend Payments
GKN pays a dividend each quarter, generally paying at the beginning of January, April, July and October. The dividen payment is split evenly throughout the year.
Historic annual dividends:
- 2004 = 43p
- 2005 = 42p
- 2006 = 46p
- 2007 = 50p
- 2008 = 55p
- 2009 = 61p
- 2010 = 65p
More shareholder information available on the Glaxo investors portal: www.gsk.com/investors