Merck & Co Inc Plans Quarterly Dividend of $0.44 (MRK)
Merck & Co (NYSE:MRK) announced a quarterly dividend on Tuesday, February 25th, StockRatingsNetwork reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.44 per share on Monday, April 7th. This represents a $1.76 annualized dividend and a dividend yield of 3.13%.
MRK has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Merck & Co in a research note on Wednesday, February 19th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Merck & Co in a research note on Thursday, February 6th. They now have a $56.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Merck & Co from $55.00 to $60.00 in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.56.
Merck & Co (NYSE:MRK) traded up 0.07% during mid-day trading on Tuesday, hitting $56.22. 4,033,525 shares of the company’s stock traded hands. Merck & Co has a one year low of $42.10 and a one year high of $56.92. The stock’s 50-day moving average is $53.10 and its 200-day moving average is $49.19. The company has a market cap of $164.3 billion and a price-to-earnings ratio of 38.22.
Merck & Co (NYSE:MRK) last released its earnings data on Wednesday, February 5th. The company reported $0.88 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.88. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter last year, the company posted $0.83 earnings per share. Merck & Co’s revenue was down 3.6% compared to the same quarter last year. Analysts expect that Merck & Co will post $3.45 EPS for the current fiscal year.
In other Merck & Co news, EVP Clark Golestani sold 5,990 shares of the stock on the open market in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $55.47, for a total value of $332,265.30. Following the transaction, the executive vice president now directly owns 6,046 shares in the company, valued at approximately $335,372. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Merck & Co, Inc (NYSE:MRK) is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products, which it markets directly and through its joint ventures.
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