Pfizer Increases Their Dividend by 2.6% in 2021

Pfizer Increases Their Dividend by 2.6% in 2021


pfizer logo

Dividend Increase Announcement

On December 10th, Pfizer announced a dividend increase of 2.9%. This will increase their dividend per quarter from $0.39 to $0.40. It is payable on March 4th for shareholders of record on January 28th. The new quarterly dividend represents an annualized dividend amount of $1.60 per share as compared to the current annualized dividend amount of $1.56 per share.

Realty Income Dividend Information

Annual Dividend: $1.60
Dividend Yield: 3.04%
Dividend Growth History: 11 years

Dividend Increase Effect

I am currently holding 32.28 shares of Pfizer in the More Dividends portfolio. With this 2.6% increase it will add an additional $1.29 to my projected annual dividend income and this doesn’t even take into account the compounding factor!

Current Stock Position

Pfizer pfe dividend increase 2021

Who hasn’t heard of Pfizer by now. The company is a major player in the covid vaccine space. They have consistently paid and increased their dividend since I initiated the position a few years ago. Then at the beginning of 2020 I decided to add onto the position, which has paid off nicely.

Like a lot of my investments, I wish that I would have been able to build a bigger position before the price went up so much. It is all good though. I will continue to be patient and to wait for the right opportunity to build onto this position.

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

Exxon Mobil Increases Their Dividend by 1.1% in 2021
WestRock Increases Their Dividend by 4.2% in 2021
Realty Income Increases Their Dividend by 5.1% in 2021





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