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Stock impact report

This 6% Yielding Dividend Stock Could Pump Up Your Passive-Income Stream [Yahoo! Finance]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company is a pharmaceutical giant with many parts moving in different directions. Some of its blockbusters are losing market exclusivity, but it's also developing plenty of new drugs to take their place. Despite a productive development pipeline and a remarkable track record, shares of Pfizer offer a great big 6% dividend yield at recent prices. Here's why it's a great stock for income-seeking investors to buy now and hold for the long run. Not as bad as it looks At a glance, Pfizer's first-quarter results look awful. Revenue sank by 19% year over year at constant-currency rates. Such a big drop looks like a red flag but it's not as bad as it seems. Sales of Comirnaty, Pfizer's COVID-19 vaccine, and Paxlovid, its antiviral treatment, fell much faster than expected. If we exclude the company's COVID-19 product sales, though, total revenue actually rose by 11% year over year. Now that sales of Pfizer's COVID-19 products have fallen to just 16% of total revenue, their conti Show less Read more
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