Dividend stock company Pfizer Inc.(PFE) announced that its board of directors has approved a new $10 billion share buyback program. The board also said that Pfizer will buy back an additional $3.9 billion in shares from a previous share repurchase program. New York-based Pfizer Inc. declared its next quarterly dividend, the company will pay out 24 cents per share to shareholders with an ex-dividend date of July 31.
Pfizer shares were up 36 cents, or 1.28%, this past Friday. The stock is up 12.36% year-to-date.
Shares of Pfizer (PFE) have a dividend yield of 3.41% based on Fridays closing price of $28.18 and the company’s annualized dividend payout of 96 cents per share.
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