Pfizer: Come For The Dividend - Stay For The Dividend

Jun. 28, 2023 3:51 PM ETPfizer Inc. (PFE) StockPFE145 Comments

Summary

  • Pfizer's share price is going nowhere - the float is too big. Even after COVID allowed the company to generate >$100bn in revenues, it is back on the slide again.
  • The company has spent ~$70bn on M&A and promised $25bn of new product revenues - but other key drugs are losing patent protection.
  • Pfizer's dividend has been hiked to $0.41 and the yield is now >4%.
  • The company is coming off the back of 4 FDA approvals in 5 weeks - but no matter how positive the news flow, the share price isn't budging.
  • While other Pharmas' valuations skyrocket on breakthroughs in e.g. weight loss, Pfizer's sliding share price increase the dividend yield. With downside protection in place, PFE stock makes for a quite reasonable investment.
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Road to Nowhere

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Investment Overview: Why Pfizer's Stock Price Doesn't Grow

Pfizer Doubled Revenues Overnight Thanks To Covid Franchise - But The Market Still Wasn't Buying It

Midway through 2021, Pfizer (NYSE:PFE) stock was worth less

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This article was written by

13.16K Followers

Edmund Ingham is a biotech consultant. He has been covering biotech, healthcare, and pharma for over 5 years, and has put together detailed reports of over 1,000 companies. He leads the investing group Haggerston BioHealth.

The group is for both novice and experienced biotech investors. It provides catalysts to look out for and buy and sell ratings. It also provides product sales and forecasts for all the Big Pharmas, forecasting, integrated financial statements, discounted cash flow analysis and market by market analysis. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ABBV, BMY, GILD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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