Drug developer Pfizer Inc. said that its board of directors boosted the quarterly dividend 11 percent.
The board declared a regular quarterly dividend of 20 cents per share, up from the prior amount of 18 cents.
The dividend is payable March 1 to shareholders of record as of Feb. 4.
In 2009, Pfizer halved its 32-cent quarterly dividend to help pay for the $68 billion buyout of Wyeth. The move angered investors as the stock price had languished at $20 or less for several years. In January, the company raised the dividend to 18 cents and said the board would again boost the dividend in December.
Date: December 13, 2010
Source: Associated Press
