Biotech giant Amgenannounced on Friday its third-quarter dividend of $0.47 per share, the same rate it's paid for the past two quarters after raising the payout almost 31% from $0.36 per share.
The board of directors said the quarterly dividend is payable on Sept. 6 to the holders of record at the close of business on Aug. 16. The biotech began making a quarterly payout to investors in 2011.
The regular dividend payment equates to a $1.88-per-share annual dividend, yielding 1.7% based on Friday's closing price of Amgen's stock.
The article Amgen Keeps Dividend Steady originally appeared on Fool.com.
Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.