It’s Time to Buy Amgen, Inc. (AMGN). Here’s Why

AMGN Free Cash Flow Yield data by YCharts.

Amgen, Inc. (NASDAQ:AMGN) may ultimately use this cash to pay you bigger dividends (its current yield of 1.9% does, after all, lag both its rivals’). Or Amgen could use its cash to buy back shares (increasing the size of your stake in the company for every share it takes off the table), or to reinvest in its business and maintain its stellar pace of growth. Any way you look at it, though, Amgen’s ability to generate cash offers investors a great reason to invest.

And that, Fools, is the reason I think now’s a great time to buy Amgen, Inc. (NASDAQ:AMGN) stock.

The article It’s Time to Buy Amgen Stock. Here’s Why originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Johnson & Johnson (NYSE:JNJ). The Motley Fool owns shares of Johnson & Johnson.

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