Pfizer Raises Dividend 6%, Sets New $10 Billion Buyback Program
December 18 2017 - 12:32PM
Dow Jones News
By Chris Wack
Pfizer Inc. (PFE) on Monday said it raised its quarterly
dividend by 6% to 34c from 32c, starting in the first quarter.
The drug maker also authorized a new $10 billion stock-buyback
plan. The new program is in addition to the $6.4 billion remaining
under the company's current authorization.
"The dividend increase and new repurchase program demonstrate
our commitment to returning capital to shareholders," Pfizer CEO
Ian Read said.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
December 18, 2017 12:17 ET (17:17 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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