3 Reasons Pfizer's 7%-Yielding Dividend Is Getting Safer
Many income investors probably have mixed emotions about stocks with ultra-high dividend yields. On one hand, they love the tremendous income these stocks provide. On the other hand, they might worry more often than not about a potential dividend cut.
(NYSE: PFE) is a case in point, with its forward dividend yield of 7%. Although the stock is a favorite for many income investors, questions about the sustainability of the dividend persist.
But there's good news for income investors following Pfizer's second-quarter update on Aug. 5. Here are three reasons Pfizer's juicy dividend is getting safer.
Source Fool.com
Pfizer Inc. Stock
€22.07
-0.540%
Our community is currently high on Pfizer Inc. with 17 Buy predictions and 3 Sell predictions.
As a result the target price of 30 € shows a positive potential of 35.93% compared to the current price of 22.07 € for Pfizer Inc..
