Monday, December 12th the Board of Directors of Amgen Inc. (AMGN) announced a quarterly dividend increase of from $ 1.94 to $ 2.13 per share that’s payable March 8, 2023 to holders of record February 15, 2023. This represents a 9.79% increase over the last quarterly dividend.
With current price $ 266.26 (yesterday's close), this raise brings their dividend yield to 3.20%.
Amgen is a Dividend Contenders with a 13 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 10.0, 10.1, 12.0 and 28.8 (Dividend Champions.xls)
Since I own 10 shares of AMGN, this will increase my portfolio's projected annual net dividend income by $5.66.
This increase was in line with my expectations and I gladly accept it.
This is the first dividend increase I received from Amgen since initiating a position January 2022.
This increase raises my YOC to 3.75%.
Summary of 2022 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long AMGN
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