Merck & Co Inc

NYSE : MRK
USA·Healthcare·Drug Manufacturers
$145.95
+2.50 (+1.92%)Oct 16 close
Market Cap
$360.85B
Enterprise Value
$407.66B
P/E (TTM)
116.76
P/B
8.60
Net Cash / (Debt)
−$46.77B
52-Week Range
$82 — $156
5-Year Range
$72 — $156
Avg Volume (3M)
10.15M
ListingsNYSELIMLTSXTERXSGO
Dividend Yield (TTM)
2.33%
vs 5Y avg 2.94% · 10Y avg 3.02%
Dividend Yield (Forward)
2.33%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.40
Forward (annualized): $3.40
Payout Ratio (EPS, TTM)
268.8%
Payout Ratio (FCF, TTM)
51.9%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.4%5Y5.8%10Y6.1%
Consecutive Growth Years
15
as of 2025
Years Without a Cut
40
as of 2025
Total Shareholder Yield (TTM)
3.81%
Div 2.53% + Net buyback 1.28%

Growth, streak and CAGR figures exclude special dividends.

Dividends per share

Cash dividends, split-adjusted · USD

Payout ratio

Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.

Dividend yield

Trailing-twelve-month dividends ÷ month-end price.

Capital returns

Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.

Total Shareholder Yield (TTM)
3.8%
Dividends 2.5% + Net buybacks 1.3%
Net Buyback (TTM)
$4.21B
Gross $4.21B − Issuance $0
SBC (TTM)
$892M
Share-based compensation, dilution driver
Net share-count change % / yr

Annual dividend growth

Dividend growth is decelerating (5.1% latest vs 5.7% 3-yr avg).

YearDPS (regular sum, USD)ChangeHikes
20253.28+5.1%1
20243.12+5.4%1
20232.96+5.7%1
20222.80+6.1%1
20212.64+6.5%1
20202.48+9.7%1
20192.26+13.6%1
20181.99+5.3%1
20171.89+2.2%1
20161.85+2.2%1
20151.81+2.3%1
20141.77+2.3%1
20131.73+2.4%1
20121.69+8.3%1
20111.56+2.6%1

Special dividends are excluded from these figures. Based on 164 regular payments.

Payment history (164 payments)

As declaredΔ%TypeFrequencyDeclarationRecordPay date
2026-09-15$0.85–0.0%Cashquarterly2026-07-292026-09-152026-10-07
2026-06-15$0.85–0.0%Cashquarterly2026-05-262026-06-152026-07-08
2026-03-16$0.85–0.0%Cashquarterly2026-01-272026-03-162026-04-07
2025-12-15$0.85–+4.9%Cashquarterly2025-11-182025-12-152026-01-08
2025-09-15$0.81–0.0%Cashquarterly2025-07-222025-09-152025-10-07
2025-06-16$0.81–0.0%Cashquarterly2025-05-272025-06-162025-07-08
2025-03-17$0.81–0.0%Cashquarterly2025-01-282025-03-172025-04-07
2024-12-16$0.81–+5.2%Cashquarterly2024-11-192024-12-162025-01-08
2024-09-16$0.77–0.0%Cashquarterly2024-07-232024-09-162024-10-07
2024-06-17$0.77–0.0%Cashquarterly2024-05-282024-06-172024-07-08
2024-03-14$0.77–0.0%Cashquarterly2024-01-232024-03-152024-04-05
2023-12-14$0.77–+5.5%Cashquarterly2023-11-282023-12-152024-01-08
2023-09-14$0.73–0.0%Cashquarterly2023-07-252023-09-152023-10-06
2023-06-14$0.73–0.0%Cashquarterly2023-05-232023-06-152023-07-10
2023-03-14$0.73–0.0%Cashquarterly2023-01-242023-03-152023-04-10
2022-12-14$0.73–+5.8%Cashquarterly2022-11-292022-12-152023-01-09
2022-09-14$0.69–0.0%Cashquarterly2022-07-262022-09-152022-10-07
2022-06-14$0.69–0.0%Cashquarterly2022-05-242022-06-152022-07-08
2022-03-14$0.69–0.0%Cashquarterly2022-01-252022-03-152022-04-07
2021-12-14$0.69–+6.2%Cashquarterly2021-11-302021-12-152022-01-07
2021-09-14$0.65–0.0%Cashquarterly2021-07-272021-09-152021-10-07
2021-06-14$0.65–0.0%Cashquarterly2021-05-272021-06-152021-07-07
2021-03-12$0.65–0.0%Cashquarterly2021-01-262021-03-152021-04-07
2020-12-14$0.65–+6.6%Cashquarterly2020-11-112020-12-152021-01-08
2020-09-14$0.61–0.0%Cashquarterly2020-07-282020-09-152020-10-07
2020-06-12$0.61–0.0%Cashquarterly2020-05-262020-06-152020-07-07
2020-03-13$0.61–0.0%Cashquarterly2020-01-282020-03-162020-04-07
2019-12-13$0.61–+10.9%Cashquarterly2019-11-192019-12-162020-01-08
2019-09-13$0.55–0.0%Cashquarterly2019-07-232019-09-162019-10-07
2019-06-14$0.55–0.0%Cashquarterly2019-05-282019-06-172019-07-08
2019-03-14$0.55–0.0%Cashquarterly2019-01-292019-03-152019-04-05
2018-12-14$0.55–+14.6%Cashquarterly2018-10-252018-12-172019-01-08
2018-09-14$0.48–0.0%Cashquarterly2018-07-242018-09-172018-10-05
2018-06-14$0.48–0.0%Cashquarterly2018-05-222018-06-152018-07-09
2018-03-14$0.48–0.0%Cashquarterly2018-01-232018-03-152018-04-06
2017-12-14$0.48–+2.1%Cashquarterly2017-11-282017-12-152018-01-08
2017-09-14$0.47–0.0%Cashquarterly2017-07-262017-09-152017-10-06
2017-06-13$0.47–0.0%Cashquarterly2017-05-232017-06-152017-07-10
2017-03-13$0.47–0.0%Cashquarterly2017-03-012017-03-152017-04-07
2016-12-13$0.47–+2.2%Cashquarterly2016-11-222016-12-152017-01-09
2016-09-13$0.46–0.0%Cashquarterly2016-07-262016-09-152016-10-07
2016-06-13$0.46–0.0%Cashquarterly2016-05-242016-06-152016-07-08
2016-03-11$0.46–0.0%Cashquarterly2016-02-232016-03-152016-04-07
2015-12-11$0.46–+2.2%Cashquarterly2015-11-242015-12-152016-01-08
2015-09-11$0.45–0.0%Cashquarterly2015-07-222015-09-152015-10-07
2015-06-11$0.45–0.0%Cashquarterly2015-05-262015-06-152015-07-08
2015-03-12$0.45–0.0%Cashquarterly2015-02-242015-03-162015-04-08
2014-12-11$0.45–+2.3%Cashquarterly2014-11-252014-12-152015-01-08
2014-09-11$0.44–0.0%Cashquarterly2014-07-232014-09-152014-10-07
2014-06-12$0.44–0.0%Cashquarterly2014-05-272014-06-162014-07-08
2014-03-13$0.44–0.0%Cashquarterly2014-02-252014-03-172014-04-07
2013-12-12$0.44–+2.3%Cashquarterly2013-11-272013-12-162014-01-08
2013-09-12$0.43–0.0%Cashquarterly2013-07-252013-09-162013-10-07
2013-06-13$0.43–0.0%Cashquarterly2013-05-282013-06-172013-07-08
2013-03-13$0.43–0.0%Cashquarterly2013-02-262013-03-152013-04-05
2012-12-13$0.43–+2.4%Cashquarterly2012-11-272012-12-172013-01-08
2012-09-13$0.42–0.0%Cashquarterly2012-07-252012-09-172012-10-05
2012-06-13$0.42–0.0%Cashquarterly2012-05-232012-06-152012-07-09
2012-03-13$0.42–0.0%Cashquarterly2012-02-292012-03-152012-04-06
2011-12-13$0.42–+10.5%Cashquarterly2011-11-112011-12-152012-01-09
2011-09-13$0.38–0.0%Cashquarterly2011-07-272011-09-152011-10-07
2011-06-13$0.38–0.0%Cashquarterly2011-05-252011-06-152011-07-08
2011-03-11$0.38–0.0%Cashquarterly2011-02-232011-03-152011-04-07
2010-12-13$0.38–0.0%Cashquarterly2010-11-242010-12-152011-01-07
2010-09-13$0.38–0.0%Cashquarterly2010-07-282010-09-152010-10-07
2010-06-11$0.38–0.0%Cashquarterly2010-05-272010-06-152010-07-08
2010-03-11$0.38–0.0%Cashquarterly2010-02-242010-03-152010-04-07
2009-12-11$0.38–0.0%Cashquarterly2009-11-252009-12-152010-01-08
2009-09-02$0.38–0.0%Cashquarterly2009-07-292009-09-042009-10-01
2009-06-04$0.38–0.0%Cashquarterly2009-05-282009-06-082009-07-01
2009-03-04$0.38–0.0%Cashquarterly2009-02-252009-03-062009-04-01
2008-12-03$0.38–0.0%Cashquarterly2008-11-262008-12-052009-01-02
2008-09-03$0.38–0.0%Cashquarterly2008-07-232008-09-052008-10-01
2008-06-04$0.38–0.0%Cashquarterly2008-05-272008-06-062008-07-01
2008-03-05$0.38–0.0%Cashquarterly2008-02-262008-03-072008-04-01
2007-12-05$0.38–0.0%Cashquarterly2007-11-272007-12-072008-01-02
2007-09-05$0.38–0.0%Cashquarterly2007-07-242007-09-072007-10-01
2007-06-06$0.38–0.0%Cashquarterly2007-05-222007-06-082007-07-02
2007-03-07$0.38–0.0%Cashquarterly2007-02-272007-03-092007-04-02
2006-12-06$0.38–0.0%Cashquarterly2006-11-282006-12-082007-01-02
2006-08-30$0.38–0.0%Cashquarterly2006-07-252006-09-012006-10-02
2006-05-31$0.38–0.0%Cashquarterly2006-05-232006-06-022006-07-03
2006-03-08$0.38–0.0%Cashquarterly2006-02-282006-03-102006-04-03
2005-11-30$0.38–0.0%Cashquarterly2005-11-222005-12-022006-01-03
2005-08-31$0.38–0.0%Cashquarterly2005-07-272005-09-022005-10-03
2005-06-01$0.38–0.0%Cashquarterly2005-05-242005-06-032005-07-01
2005-03-02$0.38–0.0%Cashquarterly2005-01-212005-03-042005-04-01
2004-12-01$0.38–0.0%Cashquarterly2004-11-242004-12-032005-01-03
2004-09-01$0.38–+2.7%Cashquarterly2004-07-272004-09-032004-10-01
2004-06-02$0.37–0.0%Cashquarterly2004-05-272004-06-042004-07-01
2004-03-03$0.37–0.0%Cashquarterly2004-01-232004-03-052004-04-01
2003-12-03$0.37–0.0%Cashquarterly2003-10-242003-12-052004-01-02
2003-09-03$0.37–+2.8%Cashquarterly2003-07-222003-09-052003-10-01
2003-06-04$0.36–0.0%Cashquarterly2003-05-272003-06-062003-07-01
2003-03-05$0.36–0.0%Cashquarterly2003-02-252003-03-072003-04-01
2002-12-04$0.36–0.0%Cashquarterly2002-11-262002-12-062003-01-02
2002-09-04$0.36–+2.9%Cashquarterly2002-07-232002-09-062002-10-01
2002-06-05$0.35–0.0%Cashquarterly2002-05-282002-06-072002-07-01
2002-03-06$0.35–0.0%Cashquarterly2002-02-262002-03-082002-04-01
2001-12-05$0.35–0.0%Cashquarterly2001-11-272001-12-072002-01-02
2001-08-30$0.35–+2.9%Cashquarterly2001-07-242001-09-042001-10-01
2001-05-31$0.34–0.0%Cashquarterly2001-05-222001-06-042001-07-02
2001-03-07$0.34–0.0%Cashquarterly2001-02-272001-03-092001-04-02
2000-12-06$0.34–0.0%Cashquarterly2000-11-282000-12-082001-01-02
2000-08-30$0.34–+17.2%Cashquarterly2000-07-252000-09-012000-10-02
2000-05-31$0.29–0.0%Cashquarterly2000-05-222000-06-022000-07-03
2000-03-01$0.29–0.0%Cashquarterly2000-02-222000-03-032000-04-03
1999-12-01$0.29–0.0%Cashquarterly1999-11-231999-12-032000-01-03
1999-09-01$0.29–+7.4%Cashquarterly1999-07-271999-09-031999-10-01
1999-06-02$0.27–0.0%Cashquarterly1999-05-251999-06-041999-07-01
1999-03-03$0.27–0.0%Cashquarterly1999-02-231999-03-051999-04-01
1998-12-02$0.27$0.54+20.0%Cashquarterly1998-11-241998-12-041999-01-04
1998-09-02$0.225$0.450.0%Cashquarterly1998-07-281998-09-041998-10-01
1998-06-03$0.225$0.450.0%Cashquarterly1998-05-261998-06-051998-07-01
1998-03-04$0.225$0.450.0%Cashquarterly1998-02-241998-03-061998-04-01
1997-12-03$0.225$0.450.0%Cashquarterly1997-11-251997-12-051998-01-02
1997-09-03$0.225$0.45+7.1%Cashquarterly1997-07-221997-09-051997-10-01
1997-06-05$0.21$0.420.0%Cashquarterly1997-05-281997-06-091997-07-01
1997-03-05$0.21$0.42+5.0%Cashquarterly1997-02-251997-03-071997-04-01
1996-12-05$0.2$0.40.0%Cashquarterly1996-11-261996-12-091997-01-02
1996-09-04$0.2$0.4+17.6%Cashquarterly1996-07-231996-09-061996-10-01
1996-06-06$0.17$0.340.0%Cashquarterly1996-05-291996-06-101996-07-01
1996-03-06$0.17$0.340.0%Cashquarterly1996-02-271996-03-081996-04-01
1995-12-06$0.17$0.340.0%Cashquarterly1995-11-291995-12-081996-01-02
1995-09-05$0.17$0.34+13.3%Cashquarterly1995-07-251995-09-071995-10-02
1995-06-02$0.15$0.30.0%Cashquarterly1995-05-231995-06-081995-07-03
1995-03-03$0.15$0.30.0%Cashquarterly1995-02-281995-03-091995-04-03
1994-12-02$0.15$0.30.0%Cashquarterly1994-11-231994-12-081995-01-02
1994-09-02$0.15$0.3+7.1%Cashquarterly1994-07-261994-09-091994-10-01
1994-06-02$0.14$0.280.0%Cashquarterly1994-05-251994-06-081994-07-01
1994-03-02$0.14$0.280.0%Cashquarterly1994-02-221994-03-081994-04-01
1993-12-02$0.14$0.280.0%Cashquarterly1993-11-231993-12-081994-01-03
1993-09-02$0.14$0.28+12.0%Cashquarterly1993-07-271993-09-091993-10-01
1993-06-02$0.125$0.250.0%Cashquarterly1993-05-251993-06-081993-07-01
1993-03-02$0.125$0.250.0%Cashquarterly1993-02-231993-03-081993-04-01
1992-12-02$0.125$0.250.0%Cashquarterly1992-11-241992-12-081993-01-04
1992-08-31$0.125$0.25+8.7%Cashquarterly1992-07-281992-09-041992-10-01
1992-06-02$0.115$0.230.0%Cashquarterly1992-05-261992-06-081992-07-01
1992-03-02$0.115$0.6901+9.5%Cashquarterly1992-01-221992-02-27-
1991-12-02$0.105$0.630.0%Cashquarterly1991-10-231991-11-28-
1991-08-30$0.105$0.63+12.4%Cashquarterly1991-07-191991-08-28-
1991-06-03$0.0934$0.56040.0%Cashquarterly1991-04-241991-05-30-
1991-03-04$0.0934$0.56040.0%Cashquarterly1991-01-231991-02-28-
1990-12-03$0.0934$0.56040.0%Cashquarterly1990-10-241990-11-29-
1990-08-28$0.0934$0.5604+24.4%Cashquarterly1990-07-191990-08-24-
1990-05-29$0.0751$0.45050.0%Cashquarterly1990-04-191990-05-25-
1990-03-05$0.0751$0.45050.0%Cashquarterly1990-01-241990-03-01-
1989-12-04$0.0751$0.45050.0%Cashquarterly1989-10-251989-11-30-
1989-08-29$0.0751$0.4505+9.8%Cashquarterly1989-07-201989-08-25-
1989-05-30$0.0684$0.41020.0%Cashquarterly1989-04-201989-05-26-
1989-03-02$0.0684$0.4102+10.9%Cashquarterly1989-01-191989-02-28-
1988-11-29$0.0617$0.370.0%Cashquarterly1988-10-201988-11-25-
1988-08-29$0.0617$0.37+15.6%Cashquarterly1988-07-201988-08-25-
1988-06-03$0.0534$0.3201-0.1%Cashquarterly1988-04-221988-06-01-
1988-02-29$0.0534$0.9613+20.0%Cashquarterly1988-01-201988-02-25-
1987-12-01$0.0445$0.80080.0%Cashquarterly1987-10-221987-11-27-
1987-08-28$0.0445$0.8008+45.6%Cashquarterly1987-07-171987-08-26-
1987-06-02$0.0306$0.55010.0%Cashquarterly1987-04-231987-05-29-
1987-03-02$0.0306$0.55010.0%Cashquarterly1987-01-211987-02-26-
1986-12-02$0.0306$0.55010.0%Cashquarterly1986-10-231986-11-28-
1986-09-02$0.0306$0.5501+22.0%Cashquarterly1986-07-241986-08-29-
1986-06-03$0.0251$0.45090.0%Cashquarterly1986-04-241986-05-30-
1986-02-27$0.0251$0.90180.0%Cashquarterly1986-01-161986-02-25-
1985-12-03$0.0251$0.9018–Cashquarterly1985-10-241985-11-29-

Splits (5)

DateRatioCumulative
1972-06-012:1×72 to today
1986-05-272:1×36 to today
1988-05-263:1×18 to today
1992-05-263:1×6 to today
1999-02-172:1×2 to today