Pfizer and its Dividend
Pfizer (NYSE:PFE) was on my watch list back in 2009 when they cut the dividend from $.32 per quarter in Q1 to $.16 in Q2. At that time I removed Pfizer from my watch list. In retrospect, PFE cut the dividend at the low point of the bear market that accompanied the Great Recession (March, 2009). Pfizer maintained the $.16 per quarter through 2009 and raised it to $.18 in Q1 2010.
From the low dividend of $.16 per quarter, PFE annually has raised the dividend by $.02 per quarter. In Q1 2017, the dividend was raised from $.30 per quarter to $.32. So it has taken Pfizer eight years to restore the dividend to the level at which it was cut in 2009.