Pfizer dividend holding steady

Ahead of next week's third-quarter financial results, Pfizer Inc.'s board of directors declared Thursday a 22-cent fourth-quarter dividend on the company's common stock.

The dividend was unchanged from previous quarters this year. It is payable Dec. 4 to shareholders of record at the close of business on Nov. 9.

The dividend will be the 296th consecutive quarterly cash payout by Pfizer, whose stock price is currently near a five-year high.

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 but has been raising payouts since.

Hide Comments


Loading comments...
Hide Comments