Pfizer Announces New $10B Share Buyback, Hikes Dividend

Pfizer’s announcement comes ahead of the Trump administration’s long-awaited bill to lower taxes.

Pfizer said on Monday its board had authorized a new $10 billion share repurchase program and raised its quarterly dividend.

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.

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