Pfizer declares 24-cent dividend

The board of directors of Pfizer Inc. declared Thursday a 24-cent second-quarter 2013 dividend on the company's common stock, payable June 4 to shareholders of record at the close of business on May 10.

The second-quarter payout, the same amount approved in the first quarter, will be the 298th consecutive quarterly dividend from Pfizer.

Pfizer sharply reduced its dividend after buying Wyeth Pharmaceuticals in 2009, but has steadily increased payouts since then, including a dividend boost in the first quarter. The company also has been aggressive in buying back shares.

Shareholders also approved Thursday on an advisory basis, Pfizer's executive compensation package.

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