Pfizer Inc.
PFEHealthcare · Stock · quarterly payer
Forward Yield
6.56%
Annual Dividend
$1.72
Payout Ratio
131%
5-Yr Growth
3.6%
Ex-Date
May 8, 2026
Frequency
Quarterly
Summary
As of June 2026, Pfizer Inc. (PFE) yields 6.56% ($1.72 per share annually), with a blended fair-value estimate of $18.10 — -31% downside, so it screens as overvalued. Dividend safety grade: B (75/100). 16 years of dividend growth.
Is PFE a good dividend stock?
YesPfizer Inc. (PFE) pays a quarterly dividend yielding 6.56% ($1.72/yr), with 16 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 16 consecutive years of dividend growth
Risks
- Cut its dividend in 2009
- Elevated payout ratio (131%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.56%
- Payout Ratio
- 131%
- Annual Dividend
- $1.72
- 5-Yr Avg Growth
- 3.6%
- Ex-Dividend Date
- May 8, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 0.29
- Market Cap
- $149.4B
- P/E Ratio
- 20.0
- 5-Yr Total Return
- -33%
- 52-Week Range
- $23.11 – $28.75
- Dividend Safety
- B · 75/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
PFE Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
-29%
5 Years
-33%
52-Week Range
$23.11 – $28.75
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PFE worth?
Overvaluedlow confidenceOur blended fair-value estimate for Pfizer Inc. is $18.10 per share, versus a market price of $26.21. That implies 31% of downside.
Fair Value
$18.10
Current Price
$26.21
Downside
-31%
Margin of Safety
-45%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 5.0% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.31 EPS, $1.72 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PFE Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 8, 2026 | — | $0.4300 | regular |
| Jan 23, 2026 | — | $0.4300 | regular |
| Nov 7, 2025 | — | $0.4300 | regular |
| Jul 25, 2025 | — | $0.4300 | regular |
| May 9, 2025 | — | $0.4300 | regular |
| Jan 24, 2025 | — | $0.4300 | regular |
| Nov 8, 2024 | — | $0.4200 | regular |
| Jul 26, 2024 | — | $0.4200 | regular |
| May 9, 2024 | — | $0.4200 | regular |
| Jan 25, 2024 | — | $0.4200 | regular |
| Nov 9, 2023 | — | $0.4100 | regular |
| Jul 27, 2023 | — | $0.4100 | regular |
| May 11, 2023 | — | $0.4100 | regular |
| Jan 26, 2023 | — | $0.4100 | regular |
Income Calculator
At $1.72 / yr per share
