By Michael Dabaie

 

Pfizer Inc. (PFE) Monday boosted its dividend by 6% to 38 cents from 36 cents a share.

"The dividend increase is a testament to our commitment to returning capital to shareholders and reflects our continued confidence in the business and in our pipeline," Chief Executive Albert Bourla said.

Pfizer also said it plans to host an investor day March 31 and will provide updates on the company's progress in advancing its research and development pipeline, specifically on product candidates that are expected to launch by 2025.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

December 16, 2019 08:58 ET (13:58 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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