Tuesday, December 15, 2015

Dividend Increase – Pfizer Inc. (PFE)

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%

1 comment:

  1. 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.