Today, Pfizer has announced it was raising its dividend, from $0.16 to $0.18, starting with the next payment on March 2, 2010.
While this 12.5% increase is good news, one cannot forget that the company cut its dividend in half just a few months ago when it announced it was acquiring its rival Wyeth. It remains to be seen whether the new merged Pfizer will be able to integrate its activities and solve the problem posed by the expiration of important patents in the coming years.
I hold a few shares of Pfizer in my my DRiP portfolio. I may decide to add more money in 2010, but probably only a fairly small amount.
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