Amgen, Inc. (AMGN) to Issue Quarterly Dividend of $1.32
Amgen, Inc. (NASDAQ:AMGN) declared a quarterly dividend on Tuesday, October 23rd, RTT News reports. Investors of record on Friday, November 16th will be paid a dividend of 1.32 per share by the medical research company on Friday, December 7th. This represents a $5.28 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, November 15th.
Amgen has increased its dividend by an average of 23.5% annually over the last three years and has increased its dividend every year for the last 7 years. Amgen has a payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Amgen to earn $14.31 per share next year, which means the company should continue to be able to cover its $5.28 annual dividend with an expected future payout ratio of 36.9%.
Shares of Amgen stock opened at $193.16 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.08 and a quick ratio of 2.84. Amgen has a 1 year low of $163.31 and a 1 year high of $210.19. The company has a market cap of $125.93 billion, a P/E ratio of 15.35, a P/E/G ratio of 2.05 and a beta of 1.37.
AMGN has been the subject of several analyst reports. Cann reiterated a “buy” rating and issued a $224.00 price target on shares of Amgen in a report on Monday, July 30th. Oppenheimer reiterated a “buy” rating and issued a $224.00 price target on shares of Amgen in a report on Monday, July 30th. Mizuho reiterated a “buy” rating and issued a $200.00 price target on shares of Amgen in a report on Friday, July 27th. Goldman Sachs Group reiterated a “buy” rating and issued a $228.00 price target on shares of Amgen in a report on Friday, July 27th. Finally, Royal Bank of Canada set a $193.00 price target on Amgen and gave the company a “buy” rating in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. Amgen currently has a consensus rating of “Hold” and an average price target of $204.55.
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Amgen Company Profile
Amgen Inc discovers, develops, manufactures, and delivers human therapeutics worldwide. It offers products for the treatment of oncology/hematology, cardiovascular, inflammation, bone health, nephrology, and neuroscience. The company's products include Evenity to treat osteoporosis in postmenopausal women; Prolia to treat postmenopausal women with osteoporosis; Xgeva for skeletal-related events prevention; Repatha to treat coronary diseases; Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Parsabiv to treat secondary hyperparathyroidism (sHPT); and Aimovig for the prevention of migraine.
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