Pfizer (PFE) Raises Quarterly Dividend 7.7% to $0.28; 3.6% Yield

December 15, 2014 12:07 PM EST

Pfizer (NYSE: PFE) declared a quarterly dividend of $0.28 per share, or $1.12 annualized. This is a 7.7% increase from the prior dividend of $0.26.

The dividend will be payable on March 3, 2015, to stockholders of record on February 6, 2015, with an ex-dividend date of February 4, 2015.

The annual yield on the dividend is 3.6 percent.

“The dividend increase demonstrates our commitment to returning capital to shareholders and is supported by our continued confidence in the business,” stated Ian Read, Pfizer chairman and chief executive officer. “We remain focused on maximizing total shareholder return, of which the dividend is a key component. In addition, we continue to expect to repurchase approximately $5.0 billion of our common stock in 2014, with more than $11 billion of share repurchase authorization available in 2015 and beyond.”

For a dividend history and other dividend-related data on Pfizer (PFE) click here.

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