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PFE-PFIZER INC
Pfizer Maintains Strong Dividend and Growth Potential Amid Stock Challenges and Declining COVID Sales
Tuesday
03 December, 2024
As Pfizer navigates a transformative phase, it continues to reward shareholders with a strong dividend yield of 6.5% to 6.8%, even amidst challenges like declining COVID-19 sales. Can a robust oncology division and strategic acquisitions pave the way for long-term growth despite looming patent expirations?
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Key Takeaways
- Pfizer offers an appealing dividend yield between 6.5% and 6.8%, backed by substantial free cash flow.
- The oncology sector is performing well, with a notable 31% rise in cancer treatment sales.
- Recent acquisitions, including Seagen for $43 billion, bolster Pfizer's growth prospects with numerous drug candidates.
- The company's forward P/E ratio of 8.8 suggests it is well-priced relative to competitors.
- Analysts foresee a 28% increase, highlighting significant recovery and growth potential for investors.
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