Merck & Co. Raises Quarterly Dividend by 10.9% to 61 Cents
November 19 2019 - 1:21PM
Dow Jones News
By Colin Kellaher
Merck & Co. (MRK) on Tuesday said its board raised the
quarterly dividend by 10.9% to 61 cents from 55 cents.
The new payout, equal to $2.44 a year, represents an annual
yield of about 2.9% based on Monday's closing price of $84.13, up
from 2.62%.
The Kenilworth, N.J., drug maker said the increased dividend is
payable Jan. 8 to shareholders of record Dec. 16.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 19, 2019 13:06 ET (18:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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