Pfizer: Pharma Dividend Superstar
- Pfizer received FDA approvals for key cancer drugs in the US and Europe.
- The company reported a 2 percent decline in its quarterly revenue numbers.
- Pfizer looks to stem the decline by introducing up to 30 new products in the next five years.
By S. Mitra, MBA
Pfizer Inc. (NYSE:PFE) stock comes with a rather formidable dividend yield of 3.92 percent, which, coupled with a strong growth rate, makes it one of the dividend superstars in the pharma sector. The stock currently trades almost midway between its 52 weeks low and high of $29.83 and $35.38 respectively and thus offers a good point to build a position. The company recently reported rather tepid quarterly numbers but made up for those with a few product approvals. Management's decision to raise EPS guidance is also a sign of good things to come.
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