Invest $50k In This Stock To Become A Dividend Millionaire In 10 Years [Yahoo! Finance]
Pfizer, Inc. (PFE)
Last pfizer, inc. earnings: 4/28 06:45 am
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US:NYSE Investor Relations:
investors.pfizer.com/investors-overview/default.aspx
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Source: Yahoo! Finance
Warren Buffett, the most successful dividend investor of all time, owes his success to a simple yet highly effective compounding strategy known as dividend reinvestment programs (DRIP). This strategy leverages the power of compounding by reinvesting dividend earnings into stock, creating a snowballing effect that has made the Oracle of Omaha the success he is today. Long-term dividend investors can take advantage of the DRIP strategy to grow their stock investments into fortunes, and Pfizer Inc (NYSE: PFE ) is among the growth stocks with the potential to make you a millionaire in about ten years through dividend compounding. As the table below shows, an investment of $50,000 in Pfizer, with monthly top-ups of $500, could grow to $1,030,974.5 after taxes by 2034, assuming the stock maintains its current annual dividend growth rate of 0.03% and projected stock price growth rate of 25.58%. Years Shares Owned Initially Starting Stock Price Annual Contribution Year End Divi
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PFE
News
- Will Pfizer Stock Rebound To Its 2021 Highs Of $60? [Forbes]Forbes
- Pfizer reports data from Phase II multiple myeloma treatment trial [Yahoo! Finance]Yahoo! Finance
- 3 High-Yield S&P 500 Dividend Stocks Down More Than 25% to Buy Now and Hold for at Least a Decade [Yahoo! Finance]Yahoo! Finance
- Pentagon ran secret anti-vax campaign to undermine China during pandemic [FOX News]FOX News
- Pentagon ran secret anti-vaccine campaign to undermine China during COVID-19 pandemic, investigation finds [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
PFE
Earnings
- 5/1/24 - Beat
PFE
Sec Filings
- 6/11/24 - Form 11-K
- 6/11/24 - Form 11-K
- 6/4/24 - Form 4
- PFE's page on the SEC website