{"id":40745,"date":"2017-12-18T19:23:20","date_gmt":"2017-12-18T19:23:20","guid":{"rendered":"http:\/\/www.bnreport.com\/pfizer-announces-new-10-bln-share-buyback-hikes-dividend\/"},"modified":"2017-12-18T19:23:21","modified_gmt":"2017-12-18T19:23:21","slug":"pfizer-announces-new-10-bln-share-buyback-hikes-dividend","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/pfizer-announces-new-10-bln-share-buyback-hikes-dividend\/","title":{"rendered":"Pfizer announces new $10 bln share buyback, hikes dividend"},"content":{"rendered":"

Pfizer<\/a> Inc said on Monday its board had authorized a new $10 billion share repurchase program and raised its quarterly dividend<\/a>. <\/p>\n

Pfizer's announcement comes ahead of the Trump administration's long-awaited bill to lower taxes. The bill, which looks set to be passed into a law, will overhaul the country's tax system for the first time in more than 30 years. <\/p>\n

President Donald Trump<\/a> and Republican leaders predict the tax cuts will encourage U.S. companies to invest more, boosting economic growth. <\/p>\n

In rolling out a share buyback program, the drugmaker<\/a> joins several other businesses including Boeing Co, Anthem Inc and Bank of America Corp. <\/p>\n

Pfizer's share buyback is in addition to the $6.4 billion remaining under its current authorization, the company said. <\/p>\n

The drugmaker hiked its first-quarter dividend to 34 cents per share from 32 cents. <\/p>\n

Pfizer's shares rose marginally in midday trading, hitting a near one-and-a-half-year high of $37.35. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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The post Pfizer announces new $10 bln share buyback, hikes dividend<\/a> appeared first on News Wire Now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pfizer Inc said on Monday its board had authorized a new $10..<\/p>\n","protected":false},"author":1,"featured_media":40746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-40745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nPfizer announces new $10 bln share buyback, hikes dividend - Business News Report<\/title>\n<meta name=\"description\" content=\"Pfizer Inc said on Monday its board had authorized a new $10..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/pfizer-announces-new-10-bln-share-buyback-hikes-dividend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pfizer announces new $10 bln share buyback, hikes dividend - 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