Dividend Increase – Pfizer (PFE)
On December 18th, Pfizer Inc. announced a dividend increase of 6.3%. This will increase their dividend from $0.32 to $0.34. It is payable on March 1st for shareholders of record on February 2nd.
This will mark the 7th consecutive annual dividend increase. With a payout ratio around 52% I think they will be able to continue this streak for many more years to come.
Pfizer is one of the few stocks that I hold in the Healthcare sector. It is the only pharmaceutical company that I currently own. Pfizer has performed nicely for me since I originally made my purchase in February of this year.
A small dividend increase will not affect my income a whole lot since I don’t have a large position in the company. With this increase it will add an additional $0.43 to my quarterly dividend and will add $1.73 to my projected annual dividend income.
At the current time, Pfizer is priced above my cost basis so I will not be looking to add anymore shares to my portfolio. If it were to drop below my cost basis though I would love to add to this position. Until this happens I will have to settle with reinvesting the dividends.
Do you currently hold any stock in Pfizer? 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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Always happy to read about a dividend increase, especially when it’s in my own portfolio. I’m happy with this bump. PFE already sports a juicy yield. Thanks for sharing.
DivHut recently posted…Why Unmarried Partners Should Never Co-Mingle Their Funds
Yeah, I welcome every increase that I get especially when it has a nice yield like PFE. I am glad to be a fellow shareholder with you DH that lets me know that I am doing something right. Thanks for stopping by!
I do hold PFE. I used to own them a long time ago before I had to liquidate my account. I recently got back into PFE a few months ago. Glad to see they’ve increased their dividends again.
Dividend Portfolio recently posted…December 2017 Dividend Income Report
I’m proud to know a fellow shareholder. PFE is a great company. It was one of the first that I looked into when I first started investing. I would love to be able to add more to this position. Thanks for stopping by.