Merck Announces Increased Quarterly Dividend
Category:
Tuesday, November 26, 2013 2:18 pm EST
Public Company Information:
NYSE:
MRK
"This increase in our dividend reflects our focus on creating value for shareholders and our confidence in Merck’s future as we increase productivity and invest in our most promising R&D opportunities"
WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Merck (NYSE:MRK), known as MSD outside the United States and Canada, today announced that the Board of Directors has increased the company’s quarterly dividend to $0.44 per outstanding share of the company’s common stock, up $0.01 from $0.43 per outstanding share paid last quarter. Payment will be made on January 8, 2014, to stockholders of record at the close of business on December 16, 2013.
”This increase in our dividend reflects our focus on creating value for shareholders and our confidence in Merck’s future as we increase productivity and invest in our most promising R&D opportunities,” said Kenneth C. Frazier, chairman and chief executive officer, Merck.
Merck last announced a dividend increase in November 2012, when the Board raised the dividend from $0.42 to $0.43 per common share.
About Merck
Today's Merck is a global healthcare leader working to help the world be well. Merck is known as MSD outside the United States and Canada. Through our prescription medicines, vaccines, biologic therapies, and consumer care and animal health products, we work with customers and operate in more than 140 countries to deliver innovative health solutions. We also demonstrate our commitment to increasing access to healthcare through far-reaching policies, programs and partnerships. For more information, visit www.merck.com and connect with us on Twitter, Facebookand YouTube.
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