The board of directors of Pfizer Inc. has declared a 22-cent dividend in the third quarter, the same amount it approved for the first two quarters of the year and two cents a share more than it offered last year.
The dividend is payable on the company's common stock Sept. 5 to shareholders of record at the close of business on Aug. 3.
A 10 percent dividend increase and $10 billion stock buyback program was announced at the end of last year. Pfizer cut its dividend in half in 2009 to help pay for its acquisition of Wyeth Pharmaceuticals.
- Lee Howard