Amgen Inc. (NASDAQ:AMGN) is set to increase its dividend to $2.52, resulting in a dividend yield similar to the industry average at 2.8%. The company’s earnings are projected to cover future distributions, with the payout ratio estimated at 61%, indicating sustainability. While Amgen has a strong history of growing dividends, its earnings growth has been slow, which could limit future dividend increases.
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Amgen (NASDAQ:AMGN) Is Increasing Its Dividend To $2.52
Amgen Inc. (NASDAQ:AMGN) is set to increase its dividend to $2.52, resulting in a dividend yield similar to the industry average at 2.8%. The company’s earnings are projected to cover future distributions, with the payout ratio estimated at 61%, indicating sustainability. While Amgen has a strong history of growing dividends, its earnings growth has been slow, which could limit future dividend increases.