5.9% Dividend Increase from Pfizer Inc. ( PFE )

Dividend Increase Announcement

On December 14th, Pfizer Inc. announced a dividend increase of 5.9%. This will increase their dividend per quarter from $0.34 to $0.36. It is payable on March 1st for shareholders of record on February 1st. The new quarterly dividend represents an annualized dividend amount of $1.44 per share as compared to the current annualized dividend amount of $1.28 per share.

Pfizer Inc. Dividend Information

Annual Dividend: $1.44
Dividend Yield: 3.29%
Dividend Growth History: 8 years
Payout Ratio: 48.2%

Dividend Increase Effect On More Dividends

I am currently holding 22.347 shares of Pfizer. With this 5.9% increase it will add $1.89 to my Projected Annual Dividend Income.

Conclusion

I have held this Pfizer Inc. position for a couple of years now. I haven’t added to it in awhile but if the price dropped below my cost basis I would be glad to buy some more. Until that happens I will just have to continue to enjoy these dividend increases.


Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉

Do you currently hold any stock in Pfizer Inc.? What do you think of this dividend increase? Just let me know in the comments.

As always I look forward to reading all of your comments and questions, until then….. happy investing!

-Jason from MoreDividends.com

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