Pfizer (PFE),
a large pharmaceutical company, has continued to increase its dividend
during a multi-year downside.
The quarterly dividend (adjusted for stock splits) has increased
from $ 0.05667 per share in November 1997 to $0.29 in November 2007,
a 411.74 percent increase. Currently, PFE's dividend yield is over
five percent.
Although many long-term investors have suffered losses with the
stock, long-term dividend reinvestment investors have been adding
shares at an increasing rate during the stock's prolonged price
decline. So if the stock recovers to the upside, these investors
will benefit from having accumulated shares at relatively low prices.
I (RAH) am long Pfizer.
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Posted January 23, 2008.
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