Pfizer: Dividend Cushion Ratio Brings Yield Sustainability Into Question
Summary
Pfizer Inc. faces significant uncertainty due to declining COVID-19 sales and potential policy changes. The uncertaintie...
Pfizer Inc. faces significant uncertainty due to declining COVID-19 sales and potential policy changes. The uncertainties are further compounded by tariff risks and drug pricing policies under the MFN (most favorable nation) framework. A forward dividend yield of 7%+ can help put in a floor for the stock price amid these uncertainties.