Pfizer Yielding 4.5% Is Getting Added To My Dividend Harvesting Portfolio And Maybe The Main Account

Summary:

  • Pfizer has fallen through the $40 level and looks very enticing as its dividend yield sits at 4.5%.
  • Pfizer has been a dividend gem, paying a dividend since 1980, and its current dividend has 12 years of annual growth, and a sub-50% payout ratio of projected 2023 EPS.
  • Prior to the revenue boom from COVID vaccines, PFE had generated over $13 billion in FCF annually from 2013-2020, allowing it to invest in its future while returning capital to shareholders.

Pfizer Canada head office in Kirkland, Quebec, Canada.

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The last time Pfizer (NYSE:PFE) was trading in the low $40 range, I considered adding it to my Dividend Harvesting Portfolio series on Seeking Alpha (can be read here), and possibly my main dividend account. I

Pfizer

Seeking Alpha

Balance Sheet

Pfizer

Pfizer Income Statement

Steven Fiorillo, Seeking Alpha

FCF

Steven Fiorillo, Seeking Alpha

Capital Allocation

Pfizer

Dividend

Seeking Alpha

Long-term revenue projection

Pfizer


Analyst’s Disclosure: I/we have a beneficial long position in the shares of BMY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: I am not an investment advisor or professional. This article is my own personal opinion and is not meant to be a recommendation of the purchase or sale of stock. The investments and strategies discussed within this article are solely my personal opinions and commentary on the subject. This article has been written for research and educational purposes only. Anything written in this article does not take into account the reader’s particular investment objectives, financial situation, needs, or personal circumstances and is not intended to be specific to you. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters. Just because something may be an enticing investment for myself or someone else, it may not be the correct investment for you.

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