Is Amgen a Great Dividend Stock?

For a dividend stock to be great, it should provide investors with a strong and growing payout, and its dividend should also be sustainable. Otherwise, the dividend stock may not be safe or worthwhile for long-term investors to hang on to.

Today, let's take a look at drug maker Amgen (NASDAQ: AMGN) and its dividend to see if it's a dividend stock that's 'great' and that income investors should hold in their portfolios.

Investors who hold Amgen shares currently receive quarterly dividend payments of $1.60. Annually, that means they'll be earning $6.40 which at a stock price of around $235 means its current dividend yield is over 2.7%. That's better than the S&P 500 where investors typically can expect to earn around 2%. And that also means it checks off the first box of being a 'great' dividend stock -- it provides investors with an above-average yield.

Source Fool.com