Is Pfizer Stock a Yield Trap?
When it comes to your hard-earned money, you have a lot of choices about where to spend it. If your physician prescribes a new branded drug, though, you and your insurance company have few options.
Patent-protected exclusivity is the reason pharmaceutical stocks are known for delivering reliably growing dividend payments. Unfortunately, some of 's (NYSE: PFE) most important patents are expiring soon.
Shares of Pfizer have been beaten down about 60% from their previous peak in 2021. The price is way down, but the company has raised its dividend payout every year since 2009. At its beaten-down price, the stock offers an enormous 7.1% yield.
Source Fool.com
Pfizer Inc. Stock
€20.35
0.370%
Currently there is a rather positive sentiment for Pfizer Inc. with 20 Buy predictions and 3 Sell predictions.
With a target price of 31 € there is a hugely positive potential of 52.37% for Pfizer Inc. compared to the current price of 20.35 €.
