Pfizer Inc.

PFE

Healthcare · Drug Manufacturers - General · Stock · quarterly payer

$29.45

Overvalued · -35% Add to Portfolio

Forward Yield

5.77%

Annual Dividend

$1.72

Payout Ratio

226%

5-Yr Growth

3.6%

Ex-Date

Nov 6, 2026

Frequency

Quarterly

Key facts about PFE's dividend

Data as of Oct 29, 2026 · Source: SmarterDividends data

As of Oct 29, 2026, Pfizer Inc. (PFE) has a forward dividend yield of 5.77%, based on an annual dividend of $1.72 per share and a share price of $29.45.
As of Oct 29, 2026, PFE's dividend safety grade from SmarterDividends is B (78 out of 100), which rates the dividend as safe.
By SmarterDividends' count, Pfizer Inc. (PFE) has raised its dividend for 16 consecutive years as of Oct 29, 2026.
PFE last cut its regular dividend in 2009.
PFE's next ex-dividend date is Nov 6, 2026, with payment on Dec 7, 2026. Shares must be owned before that date to receive the dividend.
As of Oct 29, 2026, PFE pays out 226% of its trailing 12-month earnings as dividends (its payout ratio).
PFE's dividend has grown at an average rate of 3.6% a year over the past five years.
As of Oct 29, 2026, PFE's 5.77% yield is 18% above its five-year average yield of 4.88%.
As of Oct 29, 2026, SmarterDividends' blended fair-value estimate for PFE is $19.01 per share, 35% below the $29.45 share price, so PFE screens as overvalued.
Pfizer Inc. (PFE) pays its dividend quarterly, 4 times a year.
Pfizer Inc. (PFE) has raised its regular dividend 54 times and cut it 1 time across the 217 payments on record since 1972. Its most recent change was a 2.4% increase to $0.430 per share, going ex-dividend on Jan 24, 2025. The last cut went ex-dividend on May 6, 2009.
Pfizer (PFE) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 2.4%, was declared on Dec 12, 2024.

Cite this page

SmarterDividends, "PFE Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 29, 2026, https://smarterdividends.com/stocks/PFE

Summary

As of Oct 29, 2026, Pfizer Inc. (PFE) yields 5.77% ($1.72 a year per share), has a dividend safety grade of B (78/100) and has 16 consecutive years of dividend increases on record.

Is PFE a good dividend stock?

Yes

Pfizer Inc. (PFE) pays a quarterly dividend yielding 5.77% ($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: 5.77%
Payout Ratio: 226%
Annual Dividend: $1.72
5-Yr Avg Growth: 3.6%
Ex-Dividend Date: Nov 6, 2026
Years of Growth: 16
Frequency: quarterly
Beta: 0.28
Market Cap: $167.9B
P/E Ratio: 38.8
5-Yr Total Return: -44%
52-Week Range: $23.62 – $30.44
Dividend Safety: B · 78/100
Ever Cut?: Yes (2009)

PFE dividend raises and cuts

Pfizer Inc. (PFE) has raised its regular dividend 54 times and cut it 1 time across the 217 payments on record since 1972. Its most recent change was a 2.4% increase to $0.430 per share, going ex-dividend on Jan 24, 2025. The last cut went ex-dividend on May 6, 2009.

Ex-date	Change	Old → new	Move
Jan 24, 2025	Raise	$0.420 → $0.430	+2.4%
Jan 25, 2024	Raise	$0.410 → $0.420	+2.4%
Jan 26, 2023	Raise	$0.400 → $0.410	+2.5%
Jan 27, 2022	Raise	$0.390 → $0.400	+2.6%
Jan 28, 2021	Raise	$0.361 → $0.390	+8.2%
Jan 30, 2020	Raise	$0.342 → $0.361	+5.6%
Jan 31, 2019	Raise	$0.323 → $0.342	+5.9%
Feb 1, 2018	Raise	$0.304 → $0.323	+6.3%
Feb 1, 2017	Raise	$0.285 → $0.304	+6.7%
Feb 3, 2016	Raise	$0.266 → $0.285	+7.1%
Feb 4, 2015	Raise	$0.247 → $0.266	+7.7%
Feb 5, 2014	Raise	$0.228 → $0.247	+8.3%

Show all 55 changes since 1974

Ex-date	Change	Old → new	Move
Jan 30, 2013	Raise	$0.209 → $0.228	+9.1%
Feb 1, 2012	Raise	$0.190 → $0.209	+10.0%
Feb 2, 2011	Raise	$0.171 → $0.190	+11.1%
Feb 3, 2010	Raise	$0.152 → $0.171	+12.5%
May 6, 2009	Cut	$0.304 → $0.152	−50.0%
Feb 6, 2008	Raise	$0.275 → $0.304	+10.3%
Feb 7, 2007	Raise	$0.228 → $0.275	+20.8%
Feb 8, 2006	Raise	$0.180 → $0.228	+26.3%
Feb 9, 2005	Raise	$0.161 → $0.180	+11.8%
Feb 11, 2004	Raise	$0.142 → $0.161	+13.3%
Jan 15, 2003	Raise	$0.123 → $0.142	+15.4%
Feb 13, 2002	Raise	$0.104 → $0.123	+18.2%
Feb 14, 2001	Raise	$0.0854 → $0.104	+22.2%
Feb 16, 2000	Raise	$0.0759 → $0.0854	+12.5%
Aug 4, 1999	Raise	$0.0696 → $0.0759	+9.1%
Feb 10, 1999	Raise	$0.0601 → $0.0696	+15.8%
Feb 4, 1998	Raise	$0.0538 → $0.0601	+11.8%
Feb 5, 1997	Raise	$0.0474 → $0.0538	+13.3%
Feb 7, 1996	Raise	$0.0411 → $0.0474	+15.4%
Feb 6, 1995	Raise	$0.0372 → $0.0411	+10.6%
Feb 7, 1994	Raise	$0.0332 → $0.0372	+11.9%
Feb 8, 1993	Raise	$0.0293 → $0.0332	+13.5%
Feb 3, 1992	Raise	$0.0261 → $0.0293	+12.1%
Feb 22, 1991	Raise	$0.0237 → $0.0261	+10.0%
Feb 5, 1990	Raise	$0.0217 → $0.0237	+9.1%
Jan 23, 1989	Raise	$0.0198 → $0.0217	+10.0%
Feb 12, 1988	Raise	$0.0178 → $0.0198	+11.1%
Jan 26, 1987	Raise	$0.0162 → $0.0178	+9.8%
Jan 27, 1986	Raise	$0.0146 → $0.0162	+10.8%
Jan 28, 1985	Raise	$0.0130 → $0.0146	+12.1%
Jan 26, 1984	Raise	$0.0115 → $0.0130	+13.8%
Jan 26, 1983	Raise	$0.0091 → $0.0115	+26.1%
Jan 26, 1982	Raise	$0.0079 → $0.0091	+15.0%
Feb 11, 1981	Raise	$0.0071 → $0.0079	+11.1%
Mar 4, 1980	Raise	$0.0065 → $0.0071	+9.1%
Mar 6, 1979	Raise	$0.0059 → $0.0065	+10.0%
May 26, 1978	Raise	$0.0053 → $0.0059	+11.1%
Nov 25, 1977	Raise	$0.0047 → $0.0053	+12.5%
Mar 1, 1977	Raise	$0.0043 → $0.0047	+9.1%
Aug 31, 1976	Raise	$0.0042 → $0.0043	+4.8%
Mar 2, 1976	Raise	$0.0038 → $0.0042	+10.5%
May 29, 1974	Raise	$0.0034 → $0.0038	+11.8%
Mar 5, 1974	Raise	$0.0032 → $0.0034	+6.2%

Every PFE payment →Download every raise and cut (CSV)

PFE ex-dividend date & scheduleNext ex-date Nov 6, 2026 · full ex-dividend historyView →PFE dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PFE a good dividend stock?

Yes. Pfizer Inc. (PFE) pays a quarterly dividend yielding 5.77% ($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.

Is PFE undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PFE's fair value is about $19.01 versus a $29.45 share price — so it looks overvalued (-35% vs. fair value).

Is PFE's dividend safe?

PFE has a dividend-safety grade of B (78/100), based on its payout coverage, free-cash-flow, 16-year growth streak, a dividend cut in 2009, debt and yield-versus-history.

What is PFE's fair value?

Our blended fair-value estimate for PFE is about $19.01 per share, about 35% below the current $29.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PFE a buy, hold, or sell?

We don't issue formal ratings, but on the data PFE screens as "yes" and overvalued. Pfizer Inc. (PFE) pays a quarterly dividend yielding 5.77% ($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. This is research for your own analysis, not investment advice.

Will PFE cut its dividend?

PFE earns a dividend-safety grade of B (78/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PFE pay a dividend?

Yes. Pfizer Inc. pays a quarterly dividend of about $1.72 per share annually, a forward yield of roughly 5.77%.

What is PFE's dividend yield?

As of Oct 29, 2026, PFE's forward dividend yield is 5.77%, based on a $1.72 annual dividend and a $29.45 share price.

What is PFE's dividend per share?

As of Oct 29, 2026, PFE pays $1.72 per share per year, distributed on a quarterly basis.

What is PFE's dividend payout ratio?

As of Oct 29, 2026, PFE's payout ratio is 226% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has PFE grown its dividend?

As of Oct 29, 2026, PFE has increased its dividend for 16 consecutive years.

When is the next PFE ex-dividend date?

As of Oct 29, 2026, the next ex-dividend date on record for PFE is Nov 6, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full PFE dividend history →

Ex-Date	Pay Date	Amount	Type
Jul 24, 2026	Sep 1, 2026	$0.4300	regular
May 8, 2026	Jun 12, 2026	$0.4300	regular
Jan 23, 2026	Mar 6, 2026	$0.4300	regular
Nov 7, 2025	Dec 1, 2025	$0.4300	regular
Jul 25, 2025	Sep 2, 2025	$0.4300	regular
May 9, 2025	Jun 13, 2025	$0.4300	regular
Jan 24, 2025	Mar 7, 2025	$0.4300	regular
Nov 8, 2024	Dec 2, 2024	$0.4200	regular
Jul 26, 2024	Sep 3, 2024	$0.4200	regular
May 9, 2024	Jun 14, 2024	$0.4200	regular
Jan 25, 2024	Mar 1, 2024	$0.4200	regular
Nov 9, 2023	Dec 4, 2023	$0.4100	regular
Jul 27, 2023	Sep 5, 2023	$0.4100	regular
May 11, 2023	Jun 9, 2023	$0.4100	regular