Monday, December 15, 2014
PFE raises dividend 7.7% --- New Yield is 3.61%
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.