Merck & Co. Raises Quarterly Dividend by 10.9% to 61 Cents

Date : 11/19/2019 @ 6:21PM
Source : Dow Jones News
Stock : Merck and Co Inc (MRK)
Quote : 89.19  -0.38 (-0.42%) @ 12:59AM
After Hours
Last Trade
Last $ 89.22 ▲ 0.03 (0.03%)

Merck & Co. Raises Quarterly Dividend by 10.9% to 61 Cents

Merck (NYSE:MRK)
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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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