On December 11, 2019 Amgen (NASDAQ:AMGN) reported that its Board of Directors declared a $1.60 per share dividend for the first quarter of 2020 (Press release, Amgen, DEC 11, 2019, View Source [SID1234552279]). The dividend will be paid on March 6, 2020, to all stockholders of record as of the close of business on Feb. 14, 2020. This represents a 10% increase from that paid in each of the previous four quarters. Since the Company initiated a dividend in 2011, it has increased the dividend each year with the quarterly payout in 2019 up more than five-fold since its inception.

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