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2025-01-29 02:40
- Merck (NYSE:MRK) announced Wednesday its board of directors has declared a quarterly dividend of $0.81 per share for Q2 2025 and authorized a share repurchase program worth $10B.
- The Rahway, New Jersey-based pharma giant said shareholders of record at the close of business on Mar. 17, 2025, will be eligible for the dividends to be paid on Apr. 7, 2025. As for share buybacks, the company hasn’t set a time limit for stock purchases.
- The announcement comes ahead of MRK’s Q2 2024 results scheduled to be disclosed on Feb. 4. The company’s forward dividend yield indicates approximately 3%, and its last dividend stood at $0.81 per share, an improvement from $0.77 of quarterly dividend in 2024.
- As of Sept. 30, following a $10B share buyback program authorized in 2018, MRK had $2.9B remaining for share repurchases.
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