Amgen Inc.
AMGNHealthcare · Drug Manufacturers - General · Stock · quarterly payer
Forward Yield
2.16%
Annual Dividend
$10.08
Payout Ratio
61%
5-Yr Growth
8.3%
Ex-Date
Nov 20, 2026
Frequency
Quarterly
Key facts about AMGN's dividend
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, Amgen Inc. (AMGN) has a forward dividend yield of 2.16%, based on an annual dividend of $10.08 per share and a share price of $466.01.
- As of Nov 2, 2026, AMGN's dividend safety grade from SmarterDividends is A (82 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Amgen Inc. (AMGN) has raised its dividend for 14 consecutive years as of Nov 2, 2026.
- AMGN has never cut its regular dividend in the payment history SmarterDividends has on record.
- AMGN's next ex-dividend date is Nov 20, 2026, with payment on Dec 11, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 2, 2026, AMGN pays out 61% of its trailing 12-month earnings as dividends (its payout ratio).
- AMGN's dividend has grown at an average rate of 8.3% a year over the past five years.
- As of Nov 2, 2026, AMGN's 2.16% yield is 32% below its five-year average yield of 3.16%.
- As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for AMGN is $268.80 per share, 42% below the $466.01 share price, so AMGN screens as overvalued.
- Amgen Inc. (AMGN) pays its dividend quarterly, 4 times a year.
- Amgen Inc. (AMGN) has raised its regular dividend 15 times and cut it 0 times across the 61 payments on record since 2011. Its most recent change was a 5.9% increase to $2.52 per share, going ex-dividend on Feb 13, 2026.
- Amgen (AMGN) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 5.9%, was declared on Dec 9, 2025.
Cite this page
SmarterDividends, "AMGN Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/AMGN
Summary
As of Nov 2, 2026, Amgen Inc. (AMGN) yields 2.16% ($10.08 a year per share), has a dividend safety grade of A (82/100) and has 14 consecutive years of dividend increases on record.
Is AMGN a good dividend stock?
YesAmgen Inc. (AMGN) pays a quarterly dividend yielding 2.16% ($10.08/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 8.3% 5-yr dividend growth
- 134% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.16%
- Payout Ratio
- 61%
- Annual Dividend
- $10.08
- 5-Yr Avg Growth
- 8.3%
- Ex-Dividend Date
- Nov 20, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.41
- Market Cap
- $251.9B
- P/E Ratio
- 28.9
- 5-Yr Total Return
- 134%
- 52-Week Range
- $292.12 – $475.65
- Dividend Safety
- A · 82/100
- Ever Cut?
- No
AMGN dividend raises and cuts
Amgen Inc. (AMGN) has raised its regular dividend 15 times and cut it 0 times across the 61 payments on record since 2011. Its most recent change was a 5.9% increase to $2.52 per share, going ex-dividend on Feb 13, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 13, 2026 | Raise | $2.38 → $2.52 | +5.9% |
| Feb 14, 2025 | Raise | $2.25 → $2.38 | +5.8% |
| Feb 15, 2024 | Raise | $2.13 → $2.25 | +5.6% |
| Feb 14, 2023 | Raise | $1.94 → $2.13 | +9.8% |
| Feb 14, 2022 | Raise | $1.76 → $1.94 | +10.2% |
| Feb 11, 2021 | Raise | $1.60 → $1.76 | +10.0% |
| Feb 13, 2020 | Raise | $1.45 → $1.60 | +10.3% |
| Feb 14, 2019 | Raise | $1.32 → $1.45 | +9.8% |
| Feb 14, 2018 | Raise | $1.15 → $1.32 | +14.8% |
| Feb 13, 2017 | Raise | $1.00 → $1.15 | +15.0% |
| Feb 11, 2016 | Raise | $0.790 → $1.00 | +26.6% |
| Feb 10, 2015 | Raise | $0.610 → $0.790 | +29.5% |
Show all 15 changes since 2012
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 11, 2014 | Raise | $0.470 → $0.610 | +29.8% |
| Feb 11, 2013 | Raise | $0.360 → $0.470 | +30.6% |
| Feb 13, 2012 | Raise | $0.280 → $0.360 | +28.6% |
Frequently Asked Questions
Is AMGN a good dividend stock?
Yes. Amgen Inc. (AMGN) pays a quarterly dividend yielding 2.16% ($10.08/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is AMGN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AMGN's fair value is about $268.80 versus a $466.01 share price — so it looks overvalued (-42% vs. fair value).
Is AMGN's dividend safe?
AMGN has a dividend-safety grade of A (82/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is AMGN's fair value?
Our blended fair-value estimate for AMGN is about $268.80 per share, about 42% below the current $466.01 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is AMGN a buy, hold, or sell?
We don't issue formal ratings, but on the data AMGN screens as "yes" and overvalued. Amgen Inc. (AMGN) pays a quarterly dividend yielding 2.16% ($10.08/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will AMGN cut its dividend?
AMGN earns a dividend-safety grade of A (82/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does AMGN pay a dividend?
Yes. Amgen Inc. pays a quarterly dividend of about $10.08 per share annually, a forward yield of roughly 2.16%.
What is AMGN's dividend yield?
As of Nov 2, 2026, AMGN's forward dividend yield is 2.16%, based on a $10.08 annual dividend and a $466.01 share price.
What is AMGN's dividend per share?
As of Nov 2, 2026, AMGN pays $10.08 per share per year, distributed on a quarterly basis.
What is AMGN's dividend payout ratio?
As of Nov 2, 2026, AMGN's payout ratio is 61% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has AMGN grown its dividend?
As of Nov 2, 2026, AMGN has increased its dividend for 14 consecutive years.
When is the next AMGN ex-dividend date?
As of Nov 2, 2026, the next ex-dividend date on record for AMGN is Nov 20, 2026.
AMGN Price — Last 12 Months
Daily close
Price Return
1 Year
+35%
3 Years
+73%
5 Years
+134%
52-Week Range
$292.12 – $475.65
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AMGN worth?
Overvaluedhigh confidenceOur blended fair-value estimate for Amgen Inc. is $268.80 per share, versus a market price of $466.01. That implies 42% of downside.
Fair Value
$268.80
Current Price
$466.01
Downside
-42%
Margin of Safety
-73%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 13.1% annual free-cash-flow growth. We model 5.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 5.8% growth for five years fading to 2.5% over the next five, $16.10 EPS, $10.08 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AMGN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full AMGN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | Sep 11, 2026 | $2.5200 | regular |
| May 15, 2026 | Jun 5, 2026 | $2.5200 | regular |
| Feb 13, 2026 | Mar 6, 2026 | $2.5200 | regular |
| Nov 21, 2025 | Dec 12, 2025 | $2.3800 | regular |
| Aug 22, 2025 | Sep 12, 2025 | $2.3800 | regular |
| May 16, 2025 | Jun 6, 2025 | $2.3800 | regular |
| Feb 14, 2025 | Mar 7, 2025 | $2.3800 | regular |
| Nov 18, 2024 | Dec 9, 2024 | $2.2500 | regular |
| Aug 16, 2024 | Sep 6, 2024 | $2.2500 | regular |
| May 16, 2024 | Jun 7, 2024 | $2.2500 | regular |
| Feb 15, 2024 | Mar 7, 2024 | $2.2500 | regular |
| Nov 16, 2023 | Dec 8, 2023 | $2.1300 | regular |
| Aug 17, 2023 | Sep 8, 2023 | $2.1300 | regular |
| May 17, 2023 | Jun 8, 2023 | $2.1300 | regular |
Income Calculator
At $10.08 / yr per share
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