Tuesday, December 10th the Board of Directors of Amgen Inc. (AMGN) announced a quarterly dividend increase of from $2.25 to $2.38 per share that’s payable March 7, 2025 to holders of record February 14, 2025. This represents a 5.78% increase over the last quarterly dividend.
With current price $266.50 (yesterday's close), this raise brings their dividend yield to 3.57%.
Amgen is a Dividend Contenders with a 15 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 9.8, 10.0, 10.0 and 16.3 (Dividend Champions.xls)
Since I own 10 shares of AMGN, this will increase my portfolio's projected annual net dividend income by $3.87.
I was expecting an increase of about 8%, so this was a bit of a disappointment, but better than nothing, of course.
This is the third dividend increase I received from Amgen since initiating a position January 2022.
This increase raises my YOC to 4.19%.
Summary of 2024 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long AMGN
Thanks for stopping by!
No comments:
Post a Comment