Amgen Boosts Quarterly Dividend by Nearly 6%

AMGN

By Kailyn Rhone

The board of Amgen boosted its quarter dividend by almost 6%.

The Thousand Oaks, Calif.-based biotechnology company said Tuesday that it raised its dividend to $2.38 per share for the first quarter, up from $2.25.

The payout, equal to $9.52 a year, represents an annual yield of 3.45% based on Tuesday's closing price of $275.75.

The dividend is payable on March 7 to shareholders of record at the close of business on Feb. 14.

Write to Kailyn Rhone at kailyn.rhone@wsj.com

(END) Dow Jones Newswires

12-10-24 1715ET