Here's How Many Shares of Pfizer You Must Own to Get $5,000 in Yearly Dividends
The sizable yield comes with a concerning footnote. Just look at the rest of the story.
Overview
Looking for stocks that pay dividends? You may have come across pharmaceutical outfit Pfizer (NYSE: PFE) in your search. After all, its forward-looking dividend yield of 7.1% is one of the highest among blue chip stocks right now.
So how many shares of this drugmaker would you need in order to collect, say, $5,000 worth of annual dividend income? If you annualize its quarterly per-share payment of $0.43, 2,907 shares would do the trick. That's about $69,940 worth of this stock, assuming you're getting in at today's price.
Details
The question is: Is this actually a stock you can count on to continue paying -- and growing -- its dividend?
Source
Originally published at www.fool.com.