Pfizer Inc.
PFEHealthcare · Stock · quarterly payer
Forward Yield
6.20%
Annual Dividend
$1.72
Payout Ratio
226%
5-Yr Growth
3.6%
Ex-Date
Jul 24, 2026
Frequency
Quarterly
Summary
As of September 2026, Pfizer Inc. (PFE) yields 6.20% ($1.72 per share annually), with a blended fair-value estimate of $20.72 — -25% downside, so it screens as overvalued. Dividend safety grade: B (78/100). 16 years of dividend growth.
Is PFE a good dividend stock?
YesPfizer Inc. (PFE) pays a quarterly dividend yielding 6.20% ($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 (226%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.20%
- Payout Ratio
- 226%
- Annual Dividend
- $1.72
- 5-Yr Avg Growth
- 3.6%
- Ex-Dividend Date
- Jul 24, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 0.30
- Market Cap
- $158.0B
- P/E Ratio
- 36.5
- 5-Yr Total Return
- -36%
- 52-Week Range
- $23.58 – $29.21
- Dividend Safety
- B · 78/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
PFE Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
-16%
5 Years
-36%
52-Week Range
$23.58 – $29.21
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PFE worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Pfizer Inc. is $20.72 per share, versus a market price of $27.72. That implies 25% of downside.
Fair Value
$20.72
Current Price
$27.72
Downside
-25%
Margin of Safety
-34%
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.
At today's price, the market is pricing in about 6.0% 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, $0.76 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 |
|---|---|---|---|
| Jul 24, 2026 | — | $0.4300 | regular |
| 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 |
Income Calculator
At $1.72 / yr per share
