Dividend Increase 増配 – AMGN


Hello readers (unique visitors to this blog per day is less than 10 though), it is Friday.

We have a national holiday because today is the current emperor’s birthday. This means three non-work days in a row. In addition, it is a very beautiful day today.

Great news has arrived from THOUSAND OAKS in California. The board of directors at AMGEN(AMGN) declared a $1.15 per share dividend for the first quarter of 2017. The dividend will be paid on March 8, 2017, to all stockholders of record as of the close of business on Feb. 15, 2017. This represents a 15 percent increase from that paid in each of the previous four quarters.

With this my YOC of AMGN has improved from 2.8% to 3.3%. If you remember the post about my purchase of AMGN shares, this is exactly what I intended to accomplish.

As I am in my early 50’s, I have less time than average dividend growth investors. Therefore I cannot initiate a position of high dividend growth company like V(Visa), MKC,CVS because their yield is too low to exceed 3% in a few years.

Let’s look at V. Its yield as of writing is 0.85%. Even if V will grow its dividend by 25% per year going forward, it takes 6 years for its yield to exceed 3%. I cannot wait for that long time. This time, with AMGN, it took just 2 months to get 3% YOC.

I will continue to look for companies like AMGN.

Disclosure: Long AMGN






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