Merck increases quarterly dividend to $0.43 per share of common stock

Nov 28 2012

Merck, known as MSD outside the United States and Canada, today announced that the Board of Directors has increased the company's quarterly dividend to $0.43 per outstanding share of the company's common stock, up $0.01 from $0.42 per outstanding share paid last quarter. Payment will be made on Jan. 8, 2013, to shareholders of record at the close of business on Dec. 17, 2012.

"This increase in our dividend reflects our optimism about the future of our business and our commitment to providing value to our shareholders," said Kenneth C. Frazier, chairman and chief executive officer of Merck.

Merck last announced a dividend increase in November 2011, when the Board raised the dividend from $0.38 to $0.42 per common share.

Source: Merck

Posted in: Business / Finance

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