Pfizer (PFE) Dividend History & Yield
Dividend ContenderPfizer (PFE) has increased its dividend for 16 consecutive years and currently yields 6.67%. The most recent dividend was $0.4300/share on Mar 6, 2026, paid Quarterly.
PFE
Current Yield
6.67%
TTM Dividend/Share
$1.72
Payment Frequency
Quarterly
Payout Ratio
131.3%
Consecutive Growth Years
16 (Dividend Contender)
Div Growth (1Y CAGR)
2.38%
Div Growth (5Y CAGR)
2.50%
Div Growth (10Y CAGR)
4.38%
PFE: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
9.2%
FCF payout ratio
26.0%
Net debt / EBITDA
3.7x
Interest coverage
5.53x
ROIC (TTM)
6.6%
Dividend Safety Score
3 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 131.3%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($1.60) does not fully cover dividend/share ($1.72).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
16 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 26.0%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.7x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (2.5%) exceeds EPS growth (-15.3%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 8, 2026
- Payment date
- Jun 12, 2026
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date Jan 23, 2026
- Payment date
- Mar 6, 2026
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date Nov 7, 2025
- Payment date
- Dec 1, 2025
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date Jul 25, 2025
- Payment date
- Sep 2, 2025
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date May 9, 2025
- Payment date
- Jun 13, 2025
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date Jan 24, 2025
- Payment date
- Mar 7, 2025
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date Nov 8, 2024
- Payment date
- Dec 2, 2024
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
Ex-date Jul 26, 2024
- Payment date
- Sep 3, 2024
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
Ex-date May 9, 2024
- Payment date
- Jun 14, 2024
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
Ex-date Jan 25, 2024
- Payment date
- Mar 1, 2024
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
Ex-date Nov 9, 2023
- Payment date
- Dec 4, 2023
- Dividend
- $0.4100
- Adj. dividend
- $0.4100
Ex-date Jul 27, 2023
- Payment date
- Sep 5, 2023
- Dividend
- $0.4100
- Adj. dividend
- $0.4100
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 8, 2026 | Jun 12, 2026 | $0.4300 | $0.4300 |
| Jan 23, 2026 | Mar 6, 2026 | $0.4300 | $0.4300 |
| Nov 7, 2025 | Dec 1, 2025 | $0.4300 | $0.4300 |
| Jul 25, 2025 | Sep 2, 2025 | $0.4300 | $0.4300 |
| May 9, 2025 | Jun 13, 2025 | $0.4300 | $0.4300 |
| Jan 24, 2025 | Mar 7, 2025 | $0.4300 | $0.4300 |
| Nov 8, 2024 | Dec 2, 2024 | $0.4200 | $0.4200 |
| Jul 26, 2024 | Sep 3, 2024 | $0.4200 | $0.4200 |
| May 9, 2024 | Jun 14, 2024 | $0.4200 | $0.4200 |
| Jan 25, 2024 | Mar 1, 2024 | $0.4200 | $0.4200 |
| Nov 9, 2023 | Dec 4, 2023 | $0.4100 | $0.4100 |
| Jul 27, 2023 | Sep 5, 2023 | $0.4100 | $0.4100 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Pfizer has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 16 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.7200 | — | — |
| 2025 | $1.6800 | $1.7200 | +2.4% |
| 2024 | $1.6400 | $1.6800 | +2.4% |
| 2023 | $1.6000 | $1.6400 | +2.5% |
| 2022 | $1.5600 | $1.6000 | +2.6% |
| 2021 | $1.5200 | $1.5600 | +2.6% |
| 2020 | $1.4400 | $1.5200 | +5.6% |
| 2019 | $1.3600 | $1.4400 | +5.9% |
| 2018 | $1.2800 | $1.3600 | +6.3% |
| 2017 | $1.1368 | $1.2800 | +12.6% |
| 2016 | $1.1200 | $1.1368 | +1.5% |
| 2015 | $1.0400 | $1.1200 | +7.7% |
| 2014 | $0.9600 | $1.0400 | +8.3% |
| 2013 | $0.8800 | $0.9600 | +9.1% |
| 2012 | $0.7578 | $0.8800 | +16.1% |
| 2011 | $0.7200 | $0.7578 | +5.3% |
| 2010 | $0.7747 | $0.7200 | -7.1% |
| 2009 | $1.2126 | $0.7747 | -36.1% |
| 2008 | $1.0989 | $1.2126 | +10.3% |
| 2007 | $0.9104 | $1.0989 | +20.7% |
| 2006 | $0.7211 | $0.9104 | +26.3% |
| 2005 | $0.6452 | $0.7211 | +11.8% |
| 2004 | $0.5693 | $0.6452 | +13.3% |
| 2003 | $0.4934 | $0.5693 | +15.4% |
| 2002 | $0.4174 | $0.4934 | +18.2% |
| 2001 | $0.3416 | $0.4174 | +22.2% |
| 2000 | $0.2910 | $0.3416 | +17.4% |
| 1999 | $0.2404 | $0.2910 | +21.1% |
| 1998 | $0.2151 | $0.2404 | +11.8% |
| 1997 | $0.1898 | $0.2151 | +13.3% |
| 1996 | $0.1645 | $0.1898 | +15.4% |
| 1995 | $0.1486 | $0.1645 | +10.6% |
| 1994 | $0.1328 | $0.1486 | +11.9% |
| 1993 | $0.1170 | $0.1328 | +13.5% |
| 1992 | $0.1044 | $0.1170 | +12.1% |
| 1991 | $0.0949 | $0.1044 | +10.0% |
| 1990 | $0.0870 | $0.0949 | +9.1% |
| 1989 | $0.0791 | $0.0870 | +10.0% |
| 1988 | $0.0712 | $0.0791 | +11.1% |
| 1987 | $0.0648 | $0.0712 | +9.8% |
| 1986 | $0.0585 | $0.0648 | +10.8% |
| 1985 | $0.0522 | $0.0585 | +12.1% |
| 1984 | $0.0459 | $0.0522 | +13.8% |
| 1983 | $0.0364 | $0.0459 | +26.1% |
| 1982 | $0.0316 | $0.0364 | +15.0% |
| 1981 | $0.0285 | $0.0316 | +11.1% |
| 1980 | $0.0261 | $0.0285 | +9.1% |
| 1979 | $0.0231 | $0.0261 | +12.8% |
| 1978 | $0.0196 | $0.0231 | +18.2% |
| 1977 | $0.0170 | $0.0196 | +15.1% |
| 1976 | $0.0160 | $0.0170 | +6.2% |
| 1975 | $0.0156 | $0.0160 | +2.5% |
| 1974 | $0.0138 | $0.0156 | +12.8% |
| 1973 | — | $0.0138 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Pfizer (PFE) from the consolidated cash flow statement, in USD as filed.
Latest period
$9.78B
YoY change
+2.7%
5Y CAGR
+3.0%
Peak year (2025)
$9.77B
Latest annual
$9.77B
Cash dividends paid over time for Pfizer (PFE)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Pfizer (PFE)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $9.77B | +2.7% | +$259.00M | ||
| 2024 | $9.51B | +2.9% | +$265.00M | ||
| 2023 | $9.25B | +2.9% | +$264.00M | ||
| 2022 | $8.98B | +2.9% | +$254.00M | ||
| 2021 | $8.73B | +3.4% | +$289.00M | ||
| 2020 | $8.44B | +4.9% | +$397.00M | ||
| 2019 | $8.04B | +0.8% | +$65.00M | ||
| 2018 | $7.98B | +4.2% | +$319.00M | ||
| 2017 | $7.66B | +4.7% | +$342.00M | ||
| 2016 | $7.32B | +5.4% | +$377.00M | ||
| 2015 | $6.94B | +5.0% | +$331.00M | ||
| 2014 | $6.61B | +0.4% | +$29.00M | ||
| 2013 | $6.58B | +0.7% | +$46.00M | ||
| 2012 | $6.53B | +4.8% | +$300.00M | ||
| 2011 | $6.23B | +2.4% | +$146.00M | ||
| 2010 | $6.09B | +9.7% | +$540.00M | ||
| 2009 | $5.55B | -35.0% | -$2.99B | ||
| 2008 | $8.54B | +7.1% | +$566.00M | ||
| 2007 | $7.97B | +15.3% | +$1.06B | ||
| 2006 | $6.92B | +24.6% | +$1.36B | ||
| 2005 | $5.55B | +9.3% | +$473.00M | ||
| 2004 | $5.08B | +16.7% | +$729.00M | ||
| 2003 | $4.35B | +37.4% | +$1.19B | ||
| 2002 | $3.17B | +16.7% | +$453.00M | ||
| 2001 | $2.71B | +23.6% | +$518.00M | ||
| 2000 | $2.20B | +20.7% | +$377.00M | ||
| 1999 | $1.82B | +86.5% | +$844.00M | ||
| 1998 | $976.00M | +10.8% | +$95.00M | ||
| 1997 | $881.00M | +14.3% | +$110.00M | ||
| 1996 | $771.00M | +17.1% | +$112.50M | ||
| 1995 | $658.50M | +10.7% | +$63.90M | ||
| 1994 | $594.60M | +10.9% | +$58.50M | ||
| 1993 | $536.10M | +10.2% | +$49.60M | ||
| 1992 | $486.50M | +11.3% | +$49.40M | ||
| 1991 | $437.10M | +10.2% | +$40.40M | ||
| 1990 | $396.70M | +9.0% | +$32.70M | ||
| 1989 | $364.00M | — | — |
Pfizer (PFE) most recent annual dividends paid stands at $9.77B (2025) – edged up 2.7% year-over-year.
Through 2020–2025 (5 years), Pfizer dividends paid delivered a +3.0% annualised rate; sustaining 16 straight years of year-over-year growth.
2025 marks the peak dividends paid at $9.77B, with the historical low of $364.00M recorded in 1989.
Among 8 Healthcare peers, Pfizer (PFE) ranks 4th; the peer median for dividends paid is $8.05B.
Pfizer Dividends Paid 2025: $9.77B
Pfizer dividends paid in 2025 was $9.77B, edged up 2.7% from 2024. This figure represents the highest annual value in the available history.
Pfizer Dividends Paid 2024: $9.51B
Pfizer dividends paid in 2024 was $9.51B, edged up 2.9% from 2023.
Pfizer Dividends Paid 2023: $9.25B
Pfizer dividends paid in 2023 was $9.25B, edged up 2.9% from 2022.
Pfizer Dividends Paid 2022: $8.98B
Pfizer dividends paid in 2022 was $8.98B, edged up 2.9% from 2021.
Pfizer Dividends Paid 2021: $8.73B
Pfizer dividends paid in 2021 was $8.73B.
See more financial history for Pfizer (PFE).
Sector peers by dividends paid
Companies in the same sector as Pfizer, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Novo Nordisk (NVO) | $51.76B | Healthcare |
| Johnson & Johnson (JNJ) | $12.38B | Healthcare |
| AbbVie (ABBV) | $11.66B | Healthcare |
| Merck & Co. (MRK) | $8.18B | Healthcare |
| UnitedHealth Group (UNH) | $7.92B | Healthcare |
| Eli Lilly (LLY) | $5.38B | Healthcare |
| Amgen (AMGN) | $5.12B | Healthcare |
| AstraZeneca (AZN) | $5.08B | Healthcare |
Frequently asked questions
Does Pfizer pay dividends?
Yes, Pfizer (PFE) pays quarterly dividends of approximately $1.72 per share annually, yielding 6.67%.
What is Pfizer's dividend yield?
Pfizer (PFE) has a current dividend yield of 6.67%.
Is Pfizer's dividend safe?
Pfizer (PFE) passes 3 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Pfizer increased its dividend?
Pfizer (PFE) has 16 consecutive years of dividend increases.
What is Pfizer's dividend payout ratio?
Pfizer (PFE) has a dividend payout ratio of 131.3%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Pfizer's dividends paid?
Latest reported dividends paid for Pfizer (PFE) is $9.78B (period ending March 29, 2026).
How has Pfizer dividends paid changed year-over-year?
Pfizer (PFE) dividends paid changed +2.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Pfizer dividends paid?
Pfizer (PFE) dividends paid compound annual growth rate is +3.0% over the most recent 5 years available.
When did Pfizer dividends paid hit its highest annual value?
Pfizer dividends paid reached its highest annual value of $9.77B in 2025.
What was Pfizer dividends paid in 2024?
Pfizer (PFE) dividends paid in 2024 was $9.51B.
What was Pfizer dividends paid in 2025?
Pfizer (PFE) dividends paid in 2025 was $9.77B.
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