Current Dividend Yield: 3.47%
Performance So Far in 2012: +17%
The Big Pharma crowd has long been a mainstay among the top-paying Dow dividend stocks, and more broadly, is close friends with dividend investors. Pfizer is no exception.
Not only does Pfizer yield an attractive 3.47%, but its shares have outperformed the market despite a number of setbacks. Back in August, PFE and Johnson & Johnson shut the door on studies of IV-delivered bapineuzumab as an Alzheimer’s treatment. A little more than a month ago, Pfizer reported profits that fell 14% thanks mostly to a slide in sales of Lipitor — its cholesterol drug that just went off-patent. And most recently (and most embarrassingly), Pfizer had to report the theft of $750,000 worth of gold dust at a Chesterfield, Mo., lab.
The poor earnings report knocked out gains made thanks to things like an animal health spinoff and its big leukemia drug approval in September, but shares have rebounded more than 8% from a mid-November low, thanks in part to excitement over progress in drugs treating breast cancer and preventing blood clots. Plus, there’s reason to really start believing in Pfizer’s pipeline.