Pfizer BSE:500680 Stock Report

Upcoming dividend of ₹35.00 per share

Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.0%).

Pfizer Announces Resignation of S. Sridhar as Managing Director

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Pfizer Limited announced to notify that Mr. S. Sridhar, Managing Director, has expressed his intention to take an early retirement and has tendered his resignation as the Managing Director of the Company. Mr. Sridhar will continue to serve in his current position of Managing Director for as long a period as required until the identification, selection and transition to the new leadership takes place in the Company. The effective date of his resignation shall be as agreed between Mr. Sridhar and the Board of Directors, and the same will be notified to separately. Over the past 14 years, Mr. Sridhar has led a number of key leadership positions in Pfizer Limited, including serving as the Company's Chief Financial Officer for a period of 8 years. Over the past 6 years, Mr. Sridhar has led Pfizer Limited as the Company's Managing Director and made significant contributions to the growth of the Company's portfolio, presence across India and reach to patients who have benefited from access to Pfizer therapies. Mr. Sridhar has also served as the Co-Chair of the FICCI Pharmaceuticals Committee and currently also serves as the President of the Organization of Pharmaceuticals Producers of India (OPPI).

Pfizer Limited Proposes Dividend for the Financial Year Ended March 31, 2022

Pfizer Limited at its Annual General Meeting of the Members of the company to be held on August 26, 2022 proposed To declare a dividend of INR 35 (350%) per equity share for the financial year ended March 31, 2022. This is to further inform that the Record Date for the payment of aforementioned Dividend of INR 35 (350%) per equity share is August 19, 2022.

First quarter 2023 earnings released

First quarter 2023 results: Revenue: ₹6.11b (down 19% from 1Q 2022). Net income: ₹325.5m (down 84% from 1Q 2022). Profit margin: 5.3% (down from 27% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.

Pfizer Limited Proposes Dividend for the Financial Year Ended March 31, 2022