Merck & Company (NYSE:MRK) announced its quarterly dividend of 42 cents per share, an increase of about 11% over its prior dividend in September of 38 cents. This was the first time the company increased its quarterly dividend for in seven years
Shares are higher by about 3.6 percent.
In other dividend news, Potash Corporation Sask Incorporated (NYSE:POT) maintained its quarterly dividend of 7 cents per share. Anadarko Petroleum Corporation (NYSE:APC) maintained its quarterly dividend of 9 cents per share.
Among dividend increases, Amerisourcebergen Corporation (NYSE:ABC) announced its quarterly dividend of 13 cents per share, an increase of about 13% over its prior dividend in August of 11.5 cents.
Among dividend reductions, Teekay Tankers Limited (NYSE:TNK) announced its quarterly dividend of 15 cents per share, a decrease of about 29% from its prior dividend in August of 21 cents.
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