Solid News

Pfizer Inc. Investors Expect Annual Dividend Increase

12/5/2022 2:47 PM

The stocks of one of the world's largest pharmaceutical companies Pfizer Inc. continue their correction and are just below the 51.00 mark.

The shares look fairly stable against the background of a general decline in American markets, and the corporation is supported by its activities aimed at expanding its business. So, it was reported about the creation of 400 to 500 new jobs at the plant in Ireland and plans to invest more than 1.2B euros in expanding production, bringing the staff of enterprises in the country to 5.5K people.

As for the financial condition of Pfizer Inc., the report for Q3 confirmed the decline in key indicators relative to Q2. Thus, revenue amounted to 22.6B dollars, which still exceeded the 21.33B dollars predicted by analysts, and earnings per share reached 1.78 dollars, which also turned out to be higher than the expected 1.44 dollars. 

The most positive news of recent times was the announcement of another increase in dividends. The company confirmed its commitment to its annual increase program, and after the last quarterly payment, which will take place at the old rate of 0.40 dollars per quarter today, Pfizer Inc. plans to adjust the amount of dividends to 0.41–0.42 dollars per share for the quarter. Against this background, the yield may increase to 3.70–3.90% per annum, which is an excellent result for the conservative American market.

On the daily chart, quotes continue to rise within the corrective wave, having overcome the resistance line of the global descending channel the day before.

Technical indicators still hold a stable buy signal: the fast EMAs of the alligator indicator are significantly above the signal line, and the histogram of the AO oscillator is trading above the transition level, forming ascending bars.       

Support levels: 49.70, 46.80. | Resistance levels: 52.00, 55.00.

Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Sofia, PO Box 1407,14 Flip Kutev Str. Floor 2, Industrial area Hladilnika, Bulgaria
Call Us
+35 924 928 392

Risk Warnings
Solid ECN Securities LLC offers trading on Foreign Exchange (‘Forex’ or ‘FX’) and Contracts for Difference (‘CFDs’), which are complex financial products that are traded on margin. They carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, these products may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Solid ECN Securities LLC does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. Solid ECN Securities LLC is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using you agree to use our cookies to enhance your experience.
Solid ECN Securities LLC is authorized and regulated by the Comoros Union with reference number HY00623411.
Disclaimer 1: The information provided on this site is not intended for residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.
Disclaimer 2: Solid ECN Securities LLC and it affiliates does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.
Copyright All Right Reserved 2024