How To Earn $500 A Month From Pfizer Stock
Portfolio Pulse from Avi Kapoor
Pfizer Inc. (NYSE:PFE) has seen a 10% increase in its stock price over the past month. The company recently launched a cost reduction initiative aimed at saving $1.5 billion by 2027, building on a previous $4 billion plan. Pfizer reported better-than-expected Q1 financial results with an adjusted EPS of 82 cents, beating the consensus of 54 cents. The company offers a dividend yield of 5.96%, translating to a quarterly dividend of 42 cents per share. Investors would need to own approximately $100,702 worth of Pfizer stock to generate a monthly dividend income of $500.
May 31, 2024 | 12:23 pm
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Pfizer's stock has increased by 10% over the past month. The company has launched a new cost reduction initiative and reported better-than-expected Q1 financial results. Pfizer's dividend yield stands at 5.96%, making it attractive for income-focused investors.
The 10% increase in stock price, new cost reduction initiative, and better-than-expected Q1 results are positive indicators for Pfizer. The high dividend yield of 5.96% makes it attractive for income-focused investors, likely driving short-term demand for the stock.
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