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Arphra AIPlain-English read on Merck & Co., Inc.’s valuationCapital return
A buyback story, not a dividend one
Dividend yield — on a — payout, with buybacks adding ~1.70%. Total shareholder yield ≈ 1.70%. Source dividends · key_metrics_ttm.
Dividend yield
—
fwd · $0.85 quarterly
Payout ratio
—
of trailing EPS
Buyback yield
1.70%
repurchases / mkt cap
5Y div CAGR
-26%
per-year
Dividend history
· dividendsRecent payments
FY22FY23FY24FY25FY26
- FY26$0.85quarterlyMar 16, 2026
- FY25$0.85quarterlyDec 15, 2025
- FY25$0.81quarterlySep 15, 2025
- FY25$0.81quarterlyJun 16, 2025
- FY25$0.81quarterlyMar 17, 2025
- FY24$0.81quarterlyDec 16, 2024
- FY24$0.77quarterlySep 16, 2024
- FY24$0.77quarterlyJun 17, 2024
Most recent · declared
DeclarationJan 27, 2026
Ex-dividendMar 16, 2026
RecordMar 16, 2026
PayableApr 07, 2026
Amount$0.85 / sh
Identifiers
TickerMRK-LN
Exchange—
CurrencyUSD
FrequencyQuarterly
Disclaimer
Arphra is for informational purposes only and is not financial, investment, tax, or legal advice. Quotes are delayed where applicable. Past performance does not predict future results. Backtests, scenario stress tests, and AI-generated commentary use stylized assumptions and may differ substantially from realized outcomes. The estimates and verdicts shown here are model outputs, not recommendations to transact. Verify against primary sources before relying on any number.
Yield · TTM
—
Payout ratio
—
Of net income
Trailing 12mo
$3.32
Per share
Dividend CAGR · 4y
-25.77%
Streak
11 yrs
Achiever
Frequency
Quarterly
Inferred from cadence
TTM dividend / share
DB · dividends$0.46 → $4.13+797.8%Jun 2016Mar 2026
Latest dividend
Amount$0.8500
Adjusted$0.8500
Ex-dateMar 16, 2026
Record dateMar 16, 2026
Payment dateApr 07, 2026
FrequencyQuarterly
Annual totals
| Year | Total / share | YoY | Histogram |
|---|---|---|---|
| 2026 | $0.85 | -74.09% | |
| 2025 | $3.28 | +5.13% | |
| 2024 | $3.12 | +5.41% | |
| 2023 | $2.96 | +5.71% | |
| 2022 | $2.80 | +6.06% | |
| 2021 | $2.64 | +6.45% | |
| 2020 | $2.48 | +9.73% | |
| 2019 | $2.26 | — |
Dividend history
| Ex-date | Dividend | Adj. | Record date | Payment date | Frequency |
|---|---|---|---|---|---|
| Mar 16, 2026 | $0.8500 | $0.8500 | Mar 16, 2026 | Apr 07, 2026 | Quarterly |
| Dec 15, 2025 | $0.8500 | $0.8500 | Dec 15, 2025 | Jan 08, 2026 | Quarterly |
| Sep 15, 2025 | $0.8100 | $0.8100 | Sep 15, 2025 | Oct 07, 2025 | Quarterly |
| Jun 16, 2025 | $0.8100 | $0.8100 | Jun 16, 2025 | Jul 08, 2025 | Quarterly |
| Mar 17, 2025 | $0.8100 | $0.8100 | Mar 17, 2025 | Apr 07, 2025 | Quarterly |
| Dec 16, 2024 | $0.8100 | $0.8100 | Dec 16, 2024 | Jan 08, 2025 | Quarterly |
| Sep 16, 2024 | $0.7700 | $0.7700 | Sep 16, 2024 | Oct 07, 2024 | Quarterly |
| Jun 17, 2024 | $0.7700 | $0.7700 | Jun 17, 2024 | Jul 08, 2024 | Quarterly |
| Mar 14, 2024 | $0.7700 | $0.7700 | Mar 15, 2024 | Apr 05, 2024 | Quarterly |
| Dec 14, 2023 | $0.7700 | $0.7700 | Dec 15, 2023 | Jan 08, 2024 | Quarterly |
| Sep 14, 2023 | $0.7300 | $0.7300 | Sep 15, 2023 | Oct 06, 2023 | Quarterly |
| Jun 14, 2023 | $0.7300 | $0.7300 | Jun 15, 2023 | Jul 10, 2023 | Quarterly |
| Mar 14, 2023 | $0.7300 | $0.7300 | Mar 15, 2023 | Apr 10, 2023 | Quarterly |
| Dec 14, 2022 | $0.7300 | $0.7300 | Dec 15, 2022 | Jan 09, 2023 | Quarterly |
| Sep 14, 2022 | $0.6900 | $0.6900 | Sep 15, 2022 | Oct 07, 2022 | Quarterly |
| Jun 14, 2022 | $0.6900 | $0.6900 | Jun 15, 2022 | Jul 08, 2022 | Quarterly |
| Mar 14, 2022 | $0.6900 | $0.6900 | Mar 15, 2022 | Apr 07, 2022 | Quarterly |
| Dec 14, 2021 | $0.6900 | $0.6900 | Dec 15, 2021 | Jan 07, 2022 | Quarterly |
| Sep 14, 2021 | $0.6500 | $0.6500 | Sep 15, 2021 | Oct 07, 2021 | Quarterly |
| Jun 14, 2021 | $0.6500 | $0.6500 | Jun 15, 2021 | Jul 07, 2021 | Quarterly |
| Mar 12, 2021 | $0.6500 | $0.6202 | Mar 15, 2021 | Apr 07, 2021 | Quarterly |
| Dec 14, 2020 | $0.6500 | $0.6202 | Dec 15, 2020 | Jan 08, 2021 | Quarterly |
| Sep 14, 2020 | $0.6100 | $0.5821 | Sep 15, 2020 | Oct 07, 2020 | Quarterly |
| Jun 12, 2020 | $0.6100 | $0.5821 | Jun 15, 2020 | Jul 07, 2020 | Quarterly |
| Mar 13, 2020 | $0.6100 | $0.5821 | Mar 16, 2020 | Apr 07, 2020 | Quarterly |
| Dec 13, 2019 | $0.6100 | $0.5821 | Dec 16, 2019 | Jan 08, 2020 | Quarterly |
| Sep 13, 2019 | $0.5500 | $0.5248 | Sep 16, 2019 | Oct 07, 2019 | Quarterly |
| Jun 14, 2019 | $0.5500 | $0.5248 | Jun 17, 2019 | Jul 08, 2019 | Quarterly |
| Mar 14, 2019 | $0.5500 | $0.5248 | Mar 15, 2019 | Apr 05, 2019 | Quarterly |
| Dec 14, 2018 | $0.5500 | $0.5248 | Dec 17, 2018 | Jan 08, 2019 | Quarterly |
| Sep 14, 2018 | $0.4800 | $0.4580 | Sep 17, 2018 | Oct 05, 2018 | Quarterly |
| Jun 14, 2018 | $0.4800 | $0.4580 | Jun 15, 2018 | Jul 09, 2018 | Quarterly |
| Mar 14, 2018 | $0.4800 | $0.4580 | Mar 15, 2018 | Apr 06, 2018 | Quarterly |
| Dec 14, 2017 | $0.4800 | $0.4580 | Dec 15, 2017 | Jan 08, 2018 | Quarterly |
| Sep 14, 2017 | $0.4700 | $0.4485 | Sep 15, 2017 | Oct 06, 2017 | Quarterly |
| Jun 13, 2017 | $0.4700 | $0.4485 | Jun 15, 2017 | Jul 10, 2017 | Quarterly |
| Mar 13, 2017 | $0.4700 | $0.4485 | Mar 15, 2017 | Apr 07, 2017 | Quarterly |
| Dec 13, 2016 | $0.4700 | $0.4485 | Dec 15, 2016 | Jan 09, 2017 | Quarterly |
| Sep 13, 2016 | $0.4600 | $0.4389 | Sep 15, 2016 | Oct 07, 2016 | Quarterly |
| Jun 13, 2016 | $0.4600 | $0.4389 | Jun 15, 2016 | Jul 08, 2016 | Quarterly |
7 stock splits on file — see the Corp actions tab.