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Merck Announces 2 for 1 Stock Split and Quarterly Dividend
WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Nov. 24, 1998--The Board of Directors of Merck & Co., Inc., meeting today, voted to split the common stock of the Company two for one. The additional shares will be distributed on or about February 16, 1999, to shareholders of record at the close of business on January 25, 1999. The last split of Merck common stock was in 1992, when the shares were split three for one.
The Board of Directors today also declared a quarterly dividend of 54 cents a share on the Company's common stock for the first quarter of 1999. The 54 cent dividend is payable January 4, 1999 to shareholders of record at the close of business on December 4, 1998.
Merck & Co., Inc. is a global, research-driven pharmaceutical company that discovers, develops, manufactures and markets a broad range of human and animal health products, directly and through its joint ventures, and provides pharmaceutical benefits services through Merck-Medco Managed Care.
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