MRK-Merck raises quarterly dividend by 15% to 55 cents a share, unveils $10 billion buyback
Merck & Co. Inc. MRK, -0.37% said Thursday it is raising its quarterly dividend by 15% to 55 cents a share. The new dividend will be paid Jan. 8 to shareholders of record as of Dec. 17. The board has also approved a share buyback program of up to $10 billion. Shares were not yet active premarket. The company is slated to report third-quarter earnings later Thursday. Shares have gained 25.4% in 2018, while the S&P 500 SPX, +1.63% has fallen 0.7%.
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