AmerisourceBergen hikes dividend by 4.5%

AmerisourceBergen Corporation (ABC) will raise its quarterly dividend by 4.5 percent to 46 cents per share in 2021. The year 2021 marks the company's 17th consecutive year of annual dividend increases. In 2020 ABC hiked its dividend by 10 percent with no dividend hike announced in 2019.

The increased ABC dividend of $0.46 per common share is payable November 29, 2021, to stockholders of record at the close of business on November 15, 2021. The new annualized dividend of $1.84 per share yields 1.4% at a stock price of $127.57 for the healthcare services provider.

If this new dividend hike is included AmerisourceBergen Corporation will pay an estimated $382 million in dividends to shareholders annually.

AmerisourceBergen is a pharmaceutical sourcing and distribution services company, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. With services ranging from drug distribution and niche premium logistics to reimbursement and pharmaceutical consulting services, AmerisourceBergen delivers programs and solutions across the pharmaceutical supply channel in human and animal health.