Merck board declares quarterly dividend of 38 cents, $3.75 per convertible preferred share

Merck to pay 38-cent quarterly dividend

WHITEHOUSE STATION, New Jersey — Pharmaceutical maker Merck & Co. Inc. said Tuesday its board declared a quarterly dividend of 38 cents.

The dividend is payable April 7 to shareholders of record at the close of business on March 15.

The company said it will also pay a quarterly dividend of $3.75 per mandatory convertible preferred stock on May 17 to preferred shareholders of record on May 3.