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.
Sentiment: Buy