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Tester32 · 24-11-2004, 20:06

Wednesday November 24, 7:40 am ET

NEW YORK (Reuters) - Merck & Co. Inc. (NYSE:MRK - News) has declared its regular quarterly dividend, maintaining its status as one of the richest dividend payors among blue-chip stocks, even following the withdrawal of its arthritis drug Vioxx and subsequent loss of nearly $27 billion in market value.

In a statement after the market closed on Tuesday, the company declared a quarterly dividend of 38 cents a share for the first quarter of 2005, payable on Jan. 3 to stockholders of record on Dec. 3, 2004.

The payout represents a 5.6 percent yield based on Merck's closing price Tuesday of $27.15 a share and is the second-highest among the 30 stocks in the Dow Jones industrial average. The only Dow component with a higher yield is Microsoft Corp., but its 11.6 percent yield is skewed by its recent one-time $3 a share dividend.

Merck said at the time of the withrawal of Vioxx in late September that it would not change its dividend.

24-11-2004, 20:06	#60
Tester32 TBB Family Registriert seit: Jan 2004 Beiträge: 2.209	Merck Maintains Quarterly Dividend Wednesday November 24, 7:40 am ET NEW YORK (Reuters) - Merck & Co. Inc. (NYSE:MRK - News) has declared its regular quarterly dividend, maintaining its status as one of the richest dividend payors among blue-chip stocks, even following the withdrawal of its arthritis drug Vioxx and subsequent loss of nearly $27 billion in market value. In a statement after the market closed on Tuesday, the company declared a quarterly dividend of 38 cents a share for the first quarter of 2005, payable on Jan. 3 to stockholders of record on Dec. 3, 2004. The payout represents a 5.6 percent yield based on Merck's closing price Tuesday of $27.15 a share and is the second-highest among the 30 stocks in the Dow Jones industrial average. The only Dow component with a higher yield is Microsoft Corp., but its 11.6 percent yield is skewed by its recent one-time $3 a share dividend. Merck said at the time of the withrawal of Vioxx in late September that it would not change its dividend.