Merck up 0.37%, trading around $108.92

Published: January 25 2023, 19:11 GMT+0

Merck up 0.37%, trading around $108.92

After closing at $108.52 yesterday, Merck began today at $108.71 with significant bullish sentiment driving Merck's price action higher. So far today, price action has drawn out a distinct $108.31 to $109.93 range.

  • Merck discloses 73 cents per share dividend to be paid on Monday, January 9th

The trading session is well on its way, S&P 500 is down 0.33% and currently trading at 4,003.56. Dow Jones suffers a 0.19% drop, trading at 33,671. Merck's gains are in contrast to the Healthcare sector, which is down 0.54% as a whole.

The global healthcare company reached a significant high of $114.84 around 19 days ago but has lost 5.5% since then. So far this year, it has been under-performing the Dow Jones by 4.13%. Merck has a market cap of $276.16 billion with an average daily trading volume of 7.99 million shares. Merck has a forecast of $14 billion with an EPS of $1.71.

Looking back to Tuesday, November 29th, Merck disclosed to the market its decision to pay a dividend of 73 cents per share for all shareholders on record up until Thursday, December 15th. With the payment made on Monday, January 9th, the decision means the firm's shareholders could obtain an annual dividend yield of 2.68% this year.

This rally in Merck's share price coincides with other health care stocks as Pfizer is up 0.75%.

Meanwhile, Abbott Laboratories is down to $110.28, losing 2%, after ending yesterday at $112.53. After closing the previous session (yesterday) at $580.72, Thermo Fisher Scientific lost $6.87 and is trading around $573.85.