Today Pfizer announced that it will be increasing its quarterly dividend from $.26 a share to $.28 a share. This represents a 7.7% increase and the new yield currently is 3.61%. The ex-dividend date is February 4th and the pay date is March 3rd.
Since I have 186.5 shares, my yearly dividends will increase by $14.92.
After last week's disappointing news from GE, this is very welcomed news. Pfizer has been a pretty steady performer this year and the dividend increase certainly reflects this.
Congrats on another raise, MDP. Nice little bump just before xmas :)
ReplyDeleteIm expecting a raise from ADM anyday now.
R2R
R2R,
DeleteYeah the Pfizer raise was greatly appreciated especially after GE came in a bit light. Good luck on the ADM raise!
MDP
MDP,
ReplyDeleteAs a fellow PFE shareholder I say congrats to us both. It was a much needed bump after the GE letdown.
Best,
DWC
DWC,
DeleteI agree with you wholeheartedly. The PFE raise was awesome!
MDP
MDP,
ReplyDeleteAssumed they would do another 2 cent increase - no problem from my side, only when that 2 cents becomes below 5% growth then I'll start shaking my legs a little bit wondering where the income growth is for us! Great news though, over 7% is always solid.
-Lanny
Lanny,
DeleteOver 3% yield and a 7.7% raise is a great combination. I'll take that every year!
MDP