Pfizer says it will raise its quarterly dividend by 2 cents to 22 cents per share starting early next year.
The world’s largest drugmaker says the new dividend will be payable March 6 to shareholders of record at the close of business Feb. 3.
The New York company’s board of directors also authorized a new share repurchase program for up to $10 billion. The company expects to buy back about $5 billion in common stock next year.
