Dividend Increase Announcement
On December 16th, Pfizer announced a dividend increase of 5.6%. This will increase their dividend per quarter from $0.36 to $0.38. It is payable on March 6th for shareholders of record on January 31th. The new quarterly dividend represents an annualized dividend amount of $1.52 per share as compared to the current annualized dividend amount of $1.44 per share.
Pfizer Dividend Information
Annual Dividend: $1.52
Dividend Yield: 3.97%
Dividend Growth History: 9 years
Payout Ratio: 48.76%
Dividend Increase Affect On More Dividends
I am currently holding 23.161 shares of Pfizer in the More Dividends portfolio. With this 5.6% increase it will add an additional $1.85 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Pfizer is one of the few companies that I hold in the pharmaceutical industry. The company has been a steady payer of dividends since I began the position several years ago. They currently offer a very small payout ratio compared to a lot of other companies which indicates to me that they will be paying out and increasing their dividends for many years to come.
With such a low payout ratio, I would love to be able to build onto this position but currently the share price is a little bit higher than my cost basis. I look forward to the opportunity to build onto this position in the future.
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
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