Move Aside, Pfizer: This Stock Is the Smarter Dividend Buy Right Now
Pfizer's 6% dividend yield is enticing, but AbbVie's dividend growth is superior.
Overview
Pfizer (NYSE: PFE) has one of the highest dividend yields of any pharmaceutical stock -- 6.1% at its current share price. That's more than twice the yield that AbbVie (NYSE: ABBV) offers, but in the long run, I believe AbbVie is the better dividend stock.
Pfizer has slightly outperformed AbbVie this year, with a return of over 14% compared to more than 12% for AbbVie. However, in terms of revenue growth, AbbVie has grown by more than 138% over the past decade, while Pfizer's revenue is up just over 18% over that period.
Details
Here are three more reasons why I prefer AbbVie as the better dividend stock.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.