Pfizer Offers Dividend Opportunity

Morningstar's Damien Conover expects steady growth for the pharmaceutical firm, which will likely lead to steady growth for the dividend

Damien Conover, CFA 7 June, 2017 | 12:23PM

 

Damien Conover: When thinking about dividends, Pfizer (PFE) offers a great opportunity for investors. We think the stock is undervalued and pays a very strong dividend. Right now, the dividend yield is close to 4%. That dividend is really supported by a strong portfolio of drugs--a lot of new drugs coming into the portfolio and really not too many patent losses in the near term. So, we're anticipating relatively steady growth for the firm, and that will likely transfer into steady growth for the dividend.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Pfizer Inc32.87 USD3.53

About Author

Damien Conover, CFA  is an equity analyst and associate director at Morningstar.

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