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
€23.33
-0.210%
With 13 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 27 € there is a slightly positive potential of 15.76% for Pfizer Inc. compared to the current price of 23.33 €.
