Amgen Inc.

AMGN
Healthcare
$417.42
2.38%Overvalued

Amgen Inc. (AMGN) is a Healthcare company that currently yields 2.38% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $268.94 and the overvaluation threshold at $342.05. Amgen Inc. holds a quality score of 67/100 (Good), reflecting 14 consecutive years of dividend growth with a 61% payout ratio. The 5-year dividend CAGR stands at 8.3%.

AMGN Dividend Yield History — Weiss Valuation

Underval. $268.94Overval. $342.05

Distance to undervalued

Entry price is stretched

Needs 35.6% downside to reach the Weiss buy zone

Undervaluation starts near $268.94, where the annual dividend would imply roughly 3.70% yield. That is 1.31% above today's yield.

Buy-zone price

$268.94

Target yield

3.70%

Research checklist

What to clear before buying the yield

Updated Oct 1, 2026

Dividend durability

14Y

Long dividend history supports a deeper look.

Earnings payout

61%

Earnings coverage leaves room for noise.

Cash payout

63%

Free cash flow coverage supports the payment.

Dividend growth

8.3%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-09-30 → 2026-10-01

Price

-1.5%

$423.64 → $417.42

Price fell 1.5% since the prior snapshot.

Why Now?

Amgen Inc. is trading near its historical overvaluation band.

Current yield 2.4% vs historical max 3.6% (66% of maximum).

14 consecutive years without a dividend cut.

Reasonable payout ratio of 61%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 67/100 quality score calls for selective follow-up, not autopilot.

Start by checking whether payout coverage and business durability still support the dividend.

AMGN Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$258

Year 10 Income

$728

Yield on Cost

7.66%

Total Income

$4,501

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

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Moat rating & analyst fair value

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AMGN Dividend Quality Score

Quality Score

67/ 100

Good

Payout Ratio12/25
Dividend Streak20/25
Growth (CAGR 5Y)20/20
Yield vs History5/15
FCF Coverage10/15

Key Metrics

Current Price$417.42
Annual Dividend$9.94
Current Yield2.38%
Yield — Max (10Y)3.61%
Yield — Min (10Y)2.31%
Undervalued Below$268.94
Overvalued Above$342.05
Payout Ratio60.87%
CAGR Dividend 5Y8.3%
CAGR Dividend 10Y11.7%
Years No Cut14y

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14
consecutive years of dividend growth