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%
I've been watching PFE the past 12-months. This stock is moving up on my watchlist. At it's current price it seems like a good buy. Consistent dividends and several drugs in the pipeline, I like those odds.
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