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Pfizer Inc. has declared a 26-cent dividend for the second quarter, the 302nd consecutive quarterly payout.
The common-stock dividend, is payable June 3 to shareholders of record at the close of business on May 9.
"We returned almost $23 billion to shareholders in 2013 through dividends and share repurchases," said Ian Read, chairman and chief executive officer, in a statement. "In 2014, we are continuing to take actions to increase shareholder value."
All 12 Pfizer directors were retained at Thursday's annual shareholder meeting. Three shareholder proposals were shot down, while the company's 2014 stock plan and executive compensation won approval.