Is Pfizer Stock a Yield Trap?
When it comes to your hard-earned money, you have a lot of choices about where to spend it. If your physician prescribes a new branded drug, though, you and your insurance company have few options.
Patent-protected exclusivity is the reason pharmaceutical stocks are known for delivering reliably growing dividend payments. Unfortunately, some of 's (NYSE: PFE) most important patents are expiring soon.
Shares of Pfizer have been beaten down about 60% from their previous peak in 2021. The price is way down, but the company has raised its dividend payout every year since 2009. At its beaten-down price, the stock offers an enormous 7.1% yield.
Source Fool.com
Pfizer Inc. Stock
€21.62
-3.910%
We see a rather positive sentiment for Pfizer Inc. with 15 Buy predictions and 2 Sell predictions.
As a result the target price of 27 € shows a positive potential of 24.91% compared to the current price of 21.62 € for Pfizer Inc..
