PFE Pfizer Inc

By Michael Dabaie

Pfizer Inc. (PFE) shares were up 2.2% to $39.18 around midday.

The DJIA was recently up 0.6%.

The company before the market open 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 12:32 ET (17:32 GMT)

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