Pfizer (PFE) Raises Quarterly Dividend 5.9% to $0.36, 3.3% Yield; Authorizes New $10B Buyback
(Updated - December 14, 2018 12:14 PM EST)
Pfizer (NYSE: PFE) declared a quarterly dividend of $0.36 per share, or $1.44 annualized. This is a 5.9% increase from the prior dividend of $0.34.
The dividend will be payable on March 1, 2019, to stockholders of record on February 1, 2019, with an ex-dividend date of January 31, 2019.
The annual yield on the dividend is 3.3 percent.
“We are confident in the business and focused on maximizing total shareholder return, of which the dividend remains a key component,” stated Ian Read, Pfizer chairman and chief executive officer.
New Buyback Plan
Keeping with past practice, the board of directors also authorized a new $10 billion share repurchase program to be utilized over time. This new program is in addition to the $4.9 billion remaining under the company’s current authorization.
For a dividend history and other dividend-related data on Pfizer (PFE) click here.