NEW YORK–(BUSINESS WIRE)–
Pfizer Inc. (PFE) today announced the pricing of a debt offering consisting of five tranches of notes:
- $750,000,000 aggregate principal amount of 0.900% notes due 2017
- $1,000,000,000 aggregate principal amount of 1.500% notes due 2018
- $500,000,000 aggregate principal amount of floating rate notes due 2018
- $1,000,000,000 aggregate principal amount of 3.000% notes due 2023
- $750,000,000 aggregate principal amount of 4.300% notes due 2043
Memo to the investor. Pfizer pays a 3.31% dividend yield. What would you rather own, a 3% ten year Pfizer bond that has no chance of raising it’s dividend or the common stock which has raised it’s dividend nine times since 2004? And people wonder why the market is going higher?