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.

6 comments:

  1. Congrats on another raise, MDP. Nice little bump just before xmas :)

    Im expecting a raise from ADM anyday now.
    R2R

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    Replies
    1. R2R,

      Yeah the Pfizer raise was greatly appreciated especially after GE came in a bit light. Good luck on the ADM raise!

      MDP

      Delete
  2. MDP,

    As a fellow PFE shareholder I say congrats to us both. It was a much needed bump after the GE letdown.

    Best,
    DWC

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    Replies
    1. DWC,

      I agree with you wholeheartedly. The PFE raise was awesome!

      MDP

      Delete
  3. MDP,

    Assumed 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

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    Replies
    1. Lanny,

      Over 3% yield and a 7.7% raise is a great combination. I'll take that every year!

      MDP

      Delete