How To Earn $500 A Month From Pfizer Stock
Portfolio Pulse from Avi Kapoor
Pfizer Inc. (PFE) shares have dropped about 44% in 2023 but remained flat on Friday. The company completed the acquisition of Seagen Inc (SGEN) for $43 billion. Pfizer's FY24 revenue guidance, including Seagen's impact, is $58.5-$61.5 billion, below the consensus of $63.17 billion. Pfizer's dividend yield is 5.84%, with a quarterly dividend of 42 cents per share. To earn $500 monthly from dividends, an investment of approximately $102,809 is needed, equating to 3,571 shares.
January 02, 2024 | 12:59 pm
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NEUTRAL IMPACT
Pfizer's stock remained flat despite a significant drop in 2023. The acquisition of Seagen and the FY24 revenue guidance, which is below consensus, could influence investor sentiment. The high dividend yield remains attractive for income investors.
The completion of the Seagen acquisition and the announcement of FY24 guidance are significant, but since the stock price remained flat, the short-term impact is likely neutral. The dividend yield is a positive factor for investors seeking income, but the below-consensus revenue guidance could be a concern.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
Seagen has been acquired by Pfizer for approximately $43 billion, which could affect the stock's performance in the short term, depending on the terms of the acquisition and market perception.
Seagen's acquisition by Pfizer is a completed deal, and typically, the short-term impact on the acquired company's stock is neutral to positive, depending on the premium paid and market sentiment. However, as the acquisition is complete, the immediate trading implications for SGEN are limited.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70