Amgen (AMGN +1%) may introduce its first dividend at an April 21 investor meeting, Bloomberg...

|About: Amgen Inc. (AMGN)|By:, SA News Editor

Amgen (AMGN +1%) may introduce its first dividend at an April 21 investor meeting, Bloomberg says, boosting a stock whose value has been chopped by a third since 2006. Unlike other biotechs, Amgen can afford to return money to shareholders because it generates a lot of cash compared with capital expenditures. But the projected 2.3% yield would rank well behind drugmakers PFE, MRK and JNJ.