Pfizer Board Of Directors Approves Increase In Quarterly Cash Dividend From $0.41 To $0.42 Per Share
Portfolio Pulse from Benzinga Newsdesk
Pfizer Inc. (NYSE:PFE) has announced an increase in its quarterly cash dividend from $0.41 to $0.42 per share, marking the 341st consecutive quarterly dividend and the fifteenth year of consecutive dividend increases. The increased dividend is payable on March 1, 2024, to shareholders of record as of January 26, 2024.
December 14, 2023 | 9:35 pm
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Pfizer's dividend increase from $0.41 to $0.42 per share reflects a strong commitment to shareholder returns and may attract income-focused investors.
Dividend increases are typically viewed positively by the market as they signal confidence in the company's financial health and future prospects. Income investors, in particular, may find Pfizer's stock more attractive due to the higher dividend yield. This could lead to a short-term positive impact on Pfizer's stock price.
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