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Pfizer (PFE) announced its next dividend of $0.42 per share, a 2.44% increase over the company's previous payout of $0.41.

DivGro's projected annual dividend income will increase by $8.00 to $336.00.

The dividend will be paid on March 1 to shareholders of record on January 26. The ex-dividend date is January 25. 

I own 200 shares of PFE at an average cost basis of $36.49 per share. Following this increase, my yield on cost is 4.60%. (PFE's forward yield is 6.31% at $26.63 per share). 

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