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
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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