Amgen Inc Dividend Increase

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Amgen Inc (AMGN) announced a 26.6% increase in its cash dividend! The quarterly cash dividend will increase from $0.79 to $1.00 per share and payable on Mar 08, 2016 to shareholders on record as of Feb 16, 2016. The annual dividend rate goes up from $3.16 to $4.00. Yield going forward is 2.46%.
The raise was unofficially announced during last earnings release, but the increase was made official yesterday with this declaration.

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Recent Buy – Amgen Inc

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A cornerstone of dividend growth investing is to stay focused on buying quality assets and ignoring the noise surrounding uncontrollable parts of the economy. I have employed this measure and look for decent opportunities whether the overall market is up or down. My only focus is to increase my dividends/income year after year and try not to time the market in order to attempt outperformance. While there are some good value finds in sectors such as energy, commodities and financials, one sector that was begging some attention in my portfolio was healthcare. I decided to put some cash to work in this sector as I am confident that it will do well over the course of years to come. Healthcare is the one sector seeing robust inflation while the rest of the economy faces either headwinds or stagnation.

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Recent Buy – Amgen Inc

AMGN-small

A cornerstone of dividend growth investing is to stay focused on buying quality assets and ignoring the noise surrounding uncontrollable parts of the economy. I have employed this measure and look for decent opportunities whether the stock market is up or down. My only focus is to increase my dividends year after year and try not to time the market in order to attempt outperformance. While there are some good value finds in sectors such as energy, commodities and financials, one sector that has shrunk in my portfolio is healthcare. I decided to put some cash to work in this sector as I am confident that it will do well over the course of years to come.

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Recent Buy – Amgen Inc

AMGN-small

BuySell The stock market isn’t providing good discounts especially in quality names, but atleast the return of volatility is providing some opportunities for investors, as the traders speculate sending the market up and down. It is hard to find decent value except in the energy and commodities sectors. However, I am already overweight in my energy sector, so I’ve been looking elsewhere to invest my funds. The risk in the marketplace continues to exist, with the world staring at deflation in the face. Despite that, the Fed is indicating that they might raise the rates later this year, even if it is a symbolic gesture. Any rise in rates will send REITs, utilities, preferred stocks and bonds tumbling. But that hasn’t stopped me from putting cash to work in my portfolio!

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