2009 was a disappointing year for Pfizer when the company cut its dividend by 50%. Since that cut Pfizer has been trying to repair its image with dividend investors and grow its dividend back to previous levels. Yesterday Pfizer announced that its dividend will stay stable in 2012 with another quarterly dividend of $.22 per share giving the stock a yield of 3.9%. The dividend will be payable on September 5th with an ex-dividend date of August 1st. To qualify to receive the dividend an investor must own the stock at the close of trading the day before the ex-dividend date.
PFE Dividend Fundamentals
Pfizer has a dividend yield of 3.9% which is lower than its 5 year yield average of 5.3%. The company has a 3 year dividend growth rate of 10% and a payout ratio of 68%. The company started paying dividends in 1901 and has increased its dividend for 3 consecutive years.
Pfizer is a global bio-pharmaceutical company that manages a large portfolio of healthcare related services and products. The company operates in multiple segments including primary care, health products and Animal care. PFE has a P/E Ratio of 21 and a Market Cap of $171B. The stock is up 10% in the last 12 months and 5% so far in 2012.