The board of directors of Pfizer Inc. yesterday announced a quarterly dividend increase of from $0.28 to $0.30 per share that’s payable March 2, 2016 to holders of record February 5, 2016. This represents a 7.14% increase to regular quarterly dividends.
The first-quarter 2016 cash dividend will be the 309th consecutive quarterly dividend paid by Pfizer.
With current price $32.18 (yesterday close), this raise brings their dividend yield to 3.73%.
Since I own 200 shares this will increase my yearly net dividends by $11.92.
That increase rises my YOC to 4.19%