Pfizer Inc.
PFE,
said late Thursday that its board of directors declared an enhance in the company’s quarterly dividend to 42 cents a share, from 41 cents a share. The dividend is payable March 1 to holders of record on Jan. 26. “We are pleased to enhance our quarterly dividend, which represents our fifteenth year of consecutive dividend increases,” Chief Executive Albert Bourla said in a statement. That demonstrates “Pfizer’s commitment to returning value to our shareholders and are a key part of our capital allocation strategy.” Shares of Pfizer edged higher in after-hours Thursday after ending the regular trading day down 2%.
