Dividend Increase Announcement
On December 9th, Pfizer announced a dividend increase of 2.5%. This will increase their dividend from $0.40 to $0.41. It is payable on March 3rd for shareholders of record on January 27th. The new dividend represents an annualized dividend amount of $1.64 per share as compared to the current annualized dividend amount of $1.60 per share.
Pfizer Dividend Information
Annual Dividend: $1.64
Dividend Growth History: 11 years
Dividend Yield: 3.17%
Payout Ratio: 33%
Dividend Increase Effect
I am currently holding 33.597 shares of Pfizer stock in the More Dividends portfolio. With this 2.5% increase it will add an additional $1.35 to my projected annual dividend income and this doesn’t even take into account the compounding factor! That brings the new grand total up to $2,407.12
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Current Stock Position
I started this position in Pfizer many years ago. It has slowly been compounding into a larger position. I do remember adding to this position at some point but I’m not sure of when that was.
I would love the chance to add to this position but currently the share price is significantly higher than my cost basis. So for now I will sit by like a patient investor.
I am currently holding a couple of pharamcutival stock positions in my portfolio which includes Viatris and Johnson and Johnson. With that being said, I am not currently looking to add to any positions that I currently hold in this sector.
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? 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
Recent Dividend Increases in Portfolio
WestRock Increases Their Dividend by 10% in 2022
Exxon Mobil Increases Their Dividend by 3.4% in 2022
Emerson Electric Increases Their Dividend by 1% in 2022
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