Amgen Inc.
AMGNHealthcare · Stock · quarterly payer
Forward Yield
2.64%
Annual Dividend
$10.08
Payout Ratio
61%
5-Yr Growth
8.3%
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Summary
As of September 2026, Amgen Inc. (AMGN) yields 2.64% ($10.08 per share annually), with a blended fair-value estimate of $299.72 — -21% downside, so it screens as overvalued. Dividend safety grade: A (82/100). 14 years of dividend growth.
Is AMGN a good dividend stock?
YesAmgen Inc. (AMGN) pays a quarterly dividend yielding 2.64% ($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
- 77% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.64%
- Payout Ratio
- 61%
- Annual Dividend
- $10.08
- 5-Yr Avg Growth
- 8.3%
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.43
- Market Cap
- $204.0B
- P/E Ratio
- 23.4
- 5-Yr Total Return
- 77%
- 52-Week Range
- $269.77 – $447.03
- Dividend Safety
- A · 82/100
- Ever Cut?
- No
Frequently Asked Questions
AMGN Price — Last 12 Months
Daily close
Price Return
1 Year
+34%
3 Years
+40%
5 Years
+77%
52-Week Range
$269.77 – $447.03
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 $299.72 per share, versus a market price of $377.35. That implies 21% of downside.
Fair Value
$299.72
Current Price
$377.35
Downside
-21%
Margin of Safety
-26%
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 7.8% annual free-cash-flow growth. We model 5.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 5.4% stage-1 growth, 2.5% terminal growth, $16.11 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | — | $2.5200 | regular |
| May 15, 2026 | — | $2.5200 | regular |
| Feb 13, 2026 | — | $2.5200 | regular |
| Nov 21, 2025 | — | $2.3800 | regular |
| Aug 22, 2025 | — | $2.3800 | regular |
| May 16, 2025 | — | $2.3800 | regular |
| Feb 14, 2025 | — | $2.3800 | regular |
| Nov 18, 2024 | — | $2.2500 | regular |
| Aug 16, 2024 | — | $2.2500 | regular |
| May 16, 2024 | — | $2.2500 | regular |
| Feb 15, 2024 | — | $2.2500 | regular |
| Nov 16, 2023 | — | $2.1300 | regular |
| Aug 17, 2023 | — | $2.1300 | regular |
| May 17, 2023 | — | $2.1300 | regular |
Income Calculator
At $10.08 / yr per share
