Biotech Values

[dav1234]

AMGN Amgen Holders Get First Taste Of Dividend


9:04 (Dow Jones) The very first quarterly dividend in the history of biotech
giant Amgen (AMGN) is payable today, which means shareholders should get their
checks soon. AMGN's board in July declared quarterly payout of 28c/share, after
deciding earlier this year to begin paying dividends. At recent stock price of
around $55 that amounts to a dividend yield of about 2%, which is lower than
some large-cap pharmaceuticals but higher than the average yield for most
biotechs (that would be zero). Shares off 2.2% in light premarket action.
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