Amgen increased its yearly dividend 27 percent this year to $1 per share.
Previously, the dividend had been 79 cents per share for the Thousand Oaks-based biotech giant. Shares jumped after news of the 27-cent dividend broke. The announcement was made just after the markets closed at 1:11 p.m.
Amgen closed the trading day up $4.51 to $162.62. Shares jumped 63 cents in after-hours trading to $163.25. The $1 dividend will be paid on March 8, 2016 to all shareholders at the close of business on Feb. 16, 2016.
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