Amgen Raises Dividend 5.6% To $2.25 A Share
12 Dicembre 2023 - 10:41PM
Dow Jones News
By Ben Glickman
Amgen is raising its dividend by 5.6%, marking the company's
12th consecutive year with an increased payout to shareholders.
The Thousand Oaks, Calif.-based pharmaceutical company said
Tuesday it would pay a first-quarter dividend of $2.25 a share, up
from a previous dividend of $2.13 a share.
The payout, equal to $9 a year, represents an annual yield of
3.3% based on the Tuesday closing price of $273.99 a share.
Amgen said the dividend was payable March 7 to shareholders of
record Feb. 16.
Amgen said despite its regular dividend raises, it still
continues to invest in innovation and deleveraging its balance
sheet.
The company last lifted its payout a year ago, when it increased
its dividend to $2.13 from $1.94.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
December 12, 2023 16:26 ET (21:26 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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