Merck Raises Quarterly Dividend 5.5% To 77 Cents
28 Novembre 2023 - 8:10PM
Dow Jones News
By Ben Glickman
Merck & Co. raised its quarterly dividend 5.5% on
Tuesday.
The Rahway, N.J.-based pharmaceutical company lifted its payout
to 77 cents a share from 73 cents a share.
The new payout, equal to $3.08 a year, represents an annual
yield of 3.04% based on the Nov. 27 closing price of $101.43.
Merck's dividend is payable Jan. 8 to shareholders of record as
of Dec. 15.
The company last raised its dividend in November 2022, when it
lifted the payout to 73 cents from 69 cents.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 28, 2023 13:55 ET (18:55 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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