Pfizer raises dividend 7%; stock surges
Shares of Pfizer Inc. surged 2.5% in midday trade Monday, after the drug giant said it was raising its quarterly dividend by 6.7%. The company said the new dividend of 32 cents a share, up from 30 cents, will be payable March 1, to shareholders of record on Feb. 3. At the current stock price of $32.51, the new annual dividend rate implies a dividend yield of 3.94%, compared with the aggregate yield for the Dow components of 2.33%, according to FactSet. "The dividend increase demonstrates our... Читать дальше...