The company unveiled the moves at an investor update on Wednesday.
“The separation of Consumer Healthcare is expected in mid-2022,” the company said.
As for the dividend, GSK projects it will total 80 pence ($1.12) this year and then slide to 55 pence (77 cents) next year, TheStreet's Dan Weil wrote.
“New GSK will adopt a progressive dividend policy targeting a dividend payout ratio equivalent to 40% to 60%, starting at 45 pence per share in 2023, the company’s first full year of operation.”
Recap TheStreet Live: Everything Jim Cramer Is Watching 6/23/21