December 14, 2018

Pfizer Inc. Increases Quarterly Dividend $PFE



  • Pfizer (NYSE:PFE) declares $0.36/share quarterly dividend, 5.9% increase from prior dividend of $0.34.
  • Forward yield 3.3%
  • Payable March 1; for shareholders of record Feb. 1; ex-div Jan. 31.



The board of directors of Pfizer Inc. declared a 36-cent first-quarter 2019 dividend on the company’s common stock, payable March 1, 2019, to shareholders of record at the close of business on February 1, 2019. Pfizer increased the dividend by approximately 6 percent, to 36 cents from 34 cents per share. The first-quarter 2019 cash dividend will be the 321st consecutive quarterly dividend paid by Pfizer.

Keeping with past practice, the board of directors also authorized a new $10 billion share repurchase program to be utilized over time. This new program is in addition to the $4.9 billion remaining under the company’s current authorization.

“We are confident in the business and focused on maximizing total shareholder return, of which the dividend remains a key component,” stated Ian Read, Pfizer chairman and chief executive officer.


For more information, visit www.pfizer.com


According to the list of U.S. Dividend Champions, Pfizer Inc. is a Dividend Challengers. Pfizer has an 8-year dividend, raising streak.


Dividend Growth Rates
DGR
DGR
DGR
DGR
1-yr
3-yr
5-yr
10-yr
6.7
7.2
7.8
1.0



Dividend Yield Chart:



Pfizer Inc stock dividend yield is close to 10-year low.


Payout Ratio:



This is the historical payout ratio of Pfizer Inc. If payout ratio is close to or higher than 100%, dividends might not be sustainable.

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