On January 23, 2013, the board of directors of PDL BioPharma, Inc. declared that the regular quarterly dividends to be paid to its stockholders in 2013 will be $0.15 per share of common stock. The $0.15 dividends will be paid on March 12, June 12, September 12 and December 12 of 2013 to all stockholders who own shares of the company on March 5, June 5, September 5 and December 5 of 2013, the record dates for each of the dividend payments, respectively.