Announcement of PFE's 8-cent annual dividend hike for 2013
If the BOD is true to form we will see the dividend announcement next Monday. While the last three div raises were 8 cents each that would push the payout ratio to below 50%. That stat has only been the case twice in the last 10 years. I am thinking they give a 12 cent raise to $1.00 py. Actually if we were just working on 'norms' they could raise it to 1.08 but that is probably not in the cards. PFE to 30 by May.
Management is on record as saying that they are looking to be paying out 40% of their adjusted earnings as dividends. That would pretty much be consistent with a 96-cent annual payout. Beginning with the year 2001, PFE increased its annual dividend by exactly 8 cents a share in all years other than 2006-2009.