Dividend Announcement Thread!

[cemanuel]

(12-12-2021, 08:49 AM)fenders53 Wrote:

(12-12-2021, 08:37 AM)cemanuel Wrote:

(12-12-2021, 08:27 AM)fenders53 Wrote: I did fail to credit PFE with one fact.  They spun off Viatris with a nice dividend and if was expected PFE would cut the dividend to recover it several quarters ago.  They did not cut so the annual dividend raise was fine this year.  And it should be given the billions of Covid revenue.

I've been applying that to last year and saying that with the VTRS spinoff they gave what amounted to a $.03 rather than a $.01 2020 increase. Should I be applying it to this one? Just figured spinning off Upjohn and that year's hike would be from 2020, not 2021 cash flows.

It's all one money to me.  Going forward it would be two regarding future raises.  I guess look at fiscal year ends and dividend pay dates.  VTRS owes you an increase four quarters after the first one IMO.  PFE in a year from upcoming payment.  It will all even out no matter how you choose to track it.

I'm not big on generic pharma so I sold VTRS pretty quick. Besides that reason, it was a pretty small position. I treated it like a special dividend.