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Gilead Sciences Has Raised Its Dividend for 11 Straight Years. Here's Why the Streak Looks Safe.

The Motley Fool·
Gilead Sciences Has Raised Its Dividend for 11 Straight Years. Here's Why the Streak Looks Safe.

Gilead Sciences increased its quarterly dividend by 3.8% to $0.82, marking the 11th consecutive year of dividend increases. The company's strong HIV franchise generated 18% higher sales year-over-year, while its oncology expansion shows promise with Trodelvy reporting 42% sales growth. With a low payout ratio of 29.8%, Gilead has ample room to sustain dividend growth and fund $32 billion in research projects through 2030.

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