How To Make $500 A Month With Pfizer Stock
Portfolio Pulse from Lisa Levin
Pfizer Inc. (NYSE:PFE) is discontinuing its PSSM operations in the UK to enhance efficiency. The FDA approved Xtandi, co-developed with Astellas Pharma, for a new prostate cancer indication. Pfizer's dividend yield is 5.45%, with a quarterly dividend of $0.41 per share. To earn $500 monthly in dividends, an investor would need 3,659 shares, valued at approximately $110,063. The article also explains how dividend yield fluctuates with stock price and dividend changes. Pfizer shares rose 1.3% to close at $30.08 on Wednesday.
November 30, 2023 | 1:52 pm
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Pfizer discontinues UK PSSM operations, receives FDA approval for Xtandi, and maintains a 5.45% dividend yield. Shares increased by 1.3%.
The discontinuation of PSSM operations is likely to be viewed positively as a move to streamline and improve efficiency, which could be beneficial for the stock price. The FDA approval of Xtandi for a new indication could potentially increase sales and positively impact the stock. The high dividend yield is attractive to investors seeking income, supporting the stock's value. The recent share price increase reflects positive sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90