Pfizer raises dividend 7 percent to 30 cents

Save Story
Leer en Español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Pfizer is raising its quarterly dividend by 7 percent to 30 cents per share starting next year.

The New York drugmaker said Monday it will pay the dividend March 2 to shareholders of record Feb. 5.

The maker of cholesterol fighter Lipitor last increased its dividend a year ago. It announced last month a $160 billion deal to combine with Allergan, creating the world's biggest drugmaker by sales.

Shares of Pfizer Inc. closed up 12 cents at $32.18. For the year to date shares are up 3.3 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast