11 Cheap Quarterly Dividend Stocks to Buy Right Now

8. Amgen Inc. (NASDAQ:AMGN)

Forward P/E as of September 23: 13.23

Amgen Inc. (NASDAQ:AMGN), a leading biotechnology company, offers investors a strong and diverse portfolio. It has more than two dozen brands, including several blockbuster drugs that each bring in over $1 billion in annual sales.

Amgen Inc. (NASDAQ:AMGN)’s medicines span multiple therapeutic areas. These include Repatha, which lowers the risk of heart attacks in certain patients; Evenity and Prolia, used for bone health in postmenopausal women and cancer patients; and Otezla, a treatment for plaque psoriasis.

This broad lineup supports steady revenue and earnings growth. In the second quarter, Amgen Inc. (NASDAQ:AMGN) reported revenue of $9.2 billion, up 9% from the prior year, while adjusted earnings per share rose 21% to $6.02. The company is also a solid dividend pick with 14 consecutive years of dividend growth under its belt. Currently, it offers a quarterly dividend of $2.38 per share and has a dividend yield of 3.32%, as of September 23.