A couple of weeks ago, this blog’s technician shot me a message, noting that he thought Pfizer shows the stock “oversold” on a monthly basis, and not that many stocks ever get truly oversold on a monthly basis, so you can say it’s an important technical indicator when it happens.
Is the dividend sustainable, and will the pharma giant be able to sustain the current $0.42 per quarter dividend pace and also continue to boost that dividend at the $0.04 per year rate ?The Pfizer common stock dividend in dollars per year is a little over $9 billion being returned currently to shareholders.
Morningstar did note that Pfizer is on track for $4 billion in cost cuts in ’24, which represents 50% of the current dividend payout in dollars. The stock is not yet a big holding for clients, but is held in more conservative accounts with more interest in dividend and interest income. a 4.8% – 5% dividend yield is about on par with where investment-grade ETF’s is yielding, but with a mid-A credit rating, PFE that is.)
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Earnings Preview: The Model Is Evolving - AI Is Expected to Benefit RetailStocks Analysis by Brian Gilmartin covering: Microsoft Corporation, Alphabet Inc Class A, Amazon.com Inc, Meta Platforms Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Coca-Cola Earnings Preview: AI-Based Improvements to Show Up in Operating MarginsStocks Analysis by Brian Gilmartin covering: Coca-Cola Co. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
S&P 500 Earnings Remain Strong: Upside Surprise Higher than Last Few QuartersStocks Analysis by Brian Gilmartin covering: S&P 500, Microsoft Corporation, Alphabet Inc Class A, Apple Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
S&P 500 Earnings: Which Sectors Have Shown Improved Growth Rates for 2024?Stocks Analysis by Brian Gilmartin covering: S&P 500, Cisco Systems Inc, NVIDIA Corporation, Walmart Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Walmart Earnings Preview: America’s Inflation Fighter and AI BeneficiaryStocks Analysis by Brian Gilmartin covering: Amazon.com Inc, Walmart Inc, Kroger Company, Albertsons Companies. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Nvidia to Report Earnings This Week Amid High Expectations, Positive MomentumStocks Analysis by Brian Gilmartin covering: Nasdaq 100, S&P 500, Microsoft Corporation, Apple Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »