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Pfizer sets dividend at 22 cents

Published 06/30/2012 12:00 AM
Updated 06/29/2012 11:55 PM

The board of directors of Pfizer Inc. has declared a 22-cent dividend in the third quarter, the same amount it approved for the first two quarters of the year and two cents a share more than it offered last year.

The dividend is payable on the company's common stock Sept. 5 to shareholders of record at the close of business on Aug. 3.

A 10 percent dividend increase and $10 billion stock buyback program was announced at the end of last year. Pfizer cut its dividend in half in 2009 to help pay for its acquisition of Wyeth Pharmaceuticals.

- Lee Howard

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