Merck (MRK) announced its next dividend of $0.77 per share, a 5.5% increase over the company's previous payout of $0.73.
DivGro's annual dividend income will increase by $32.00 as a result, and MRK's contribution will increase to $616.00 annually.
The dividend is payable on 8 January 2024, to shareholders of record at the close of business on 15 December 2023. The ex-dividend date is 14 December 2023.
I own only 200 shares of MRK at an average cost basis of $107.26 per share. Following this increase, my yield on cost is 2.87%. In comparison, MRK's forward yield is 3.05% at $101.03 per share.
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