Rochester,NY 8/13/2009 1:09:38 AM
Pfizer Inc., PFE - Pfizer To Raise Its Dividend 15-25%
Pfizer Inc.
Detusche Bank said Pfizer, which cut its dividend by 50% in a research report today, to fund the Wyeth acquisition, could raise it dividend back up by 15-25% to as much as $0.80 per share in December.
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While Detusche Bank thinks Pfizer will eventually raise its dividend, the report center around their view that payout ratios for pharma companies will fall into the 30's versus their historical mid-40's as much-needed acquisitions must now be funded with relatively low-cost debt.
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