Pfizer raises dividend 7 percent to 30 cents



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 Information in the story may be outdated or superseded by additional information.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 This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast