Amgen NASDAQ:AMGN Ready to Rally
Amgen NASDAQ:AMGN boost dividend, adds to share buy back, appoints new Chairman
LMT, MAT
After the close Thursday Amgen announced a 31% increase in the company’s Quarterly dividend, beginning in Q-1 of Y 2013, from 0.36 to 0.47.
Next, the company boosted its share buyback plan by $2-B, on top of the approximately $500-M left in Amgen’s existing $10-B share repurchase program. The additional money is expected to fund stock buybacks into Y 2014. Amgen said it expects to fund both the dividend increase and the share buyback program from cash on hand in the United States and US free cash flow.
Then, Amgen named a new Chairman of its board of directors, Robert A. Bradway, the company’s current CEO. Mr. Bradway is finance bred, he joined the company in Y 2006 and served as CFO from Ys 2007 to 2010. He has been Amgen’s CEO since May.
Vance B. Coffman, a former executive at Lockheed Martin Corp. NYSE: LMT, was named as the company’s lead independent director.
Kevin Sharer will retire at the end of this month, and Robert A. Eckhart, former CEO of Mattel Inc. NASDAQ: MAT, has been appointed to the board beginning 1 January.
The Amgen board will now include 14 directors, 13 of whom are independent.
Analysis Overall Short Intermediate Long
Neutral (0.20) Neutral (0.22) Bullish (0.31) Neutral (0.06)
More News
HeffCap Global Offshore Dividend Focused CFD Fund, great protection in the current economic environment
Managing investments in equities requires time, knowledge, experience and constant monitoring of stock markets. Those who need an expert to help manage their investments, portfolio management services (PMS) comes as an answer.
The business of portfolio management has never been an easy one. Juggling the limited choices at hand with the twin requirements of adequate safety and sizable returns is a task fraught with complexities.
Given the unpredictable nature of the share market, it requires solid experience and strong research to make the right decision. In the end it boils down to making the right move in the right direction at the right time. That's where the expert comes in.
HCM has decades of experience in providing portfolio Management services, where we help you understand the way into the market
When you invest your hard earned money, it is imperative to know all about your investments. We help you to take those steps forward towards Informed Investments - a consultative and transparent method of investing. With our portfolio management services you are always consulted and informed of all investment decisions, thus giving you total control of your portfolio.
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
Investor Services
Portfolio Management Services
Protect against inflation and currency shifts.
What is Portfolio Management?
Managing investments in equities requires time,
…
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
The Modern Healthcare Solutions Company, one of the ventures of the Modern Industrial Investment Group Holding (MIIGH), concluded a cooperative partnership deal with Pharmaniagia Behard, a majority-owned …
The Hot List
Roulette, The Devil’s Game
All of the numbers on a Roulette Wheel add up to 666, hence, that is why roulette is referred to as “The Devil’s Game.”
Roulette …






















