Will this Dividend Meet Pfizer’s Top Institutional Shareholders’ Expectations?

Pfizer (NYSE:PFE): The board of directors at the pharmaceutical giant have declared that the company will be paying a $0.24 dividend to investors on the record on May 10, with the payment of the dividend to follow on June 4. “Through dividends and share repurchases, we returned approximately $15 billion to our shareholders in 2012,” said Ian Read, chairman and chief executive officer, Pfizer. “In 2013, we are continuing to take actions to increase shareholder value, including our dividend increase announced in December 2012, our continued share repurchase activity and the successful completion of the IPO of a 19.8 percent interest in Zoetis in February 2013.”

These institutional firms indicated owning shares of Pfizer Inc. in Q1 2013. They reported owning a total of 1.606 billion shares on 03/31/2013. The shares closed at $28.86 on 03/31/2013.

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Here are the ten largest positions in Pfizer Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 336,677,440 shares on 03/31/2013 worth $9,716,511,124. This brought the portfolio total to 1.06%.

Blackrock Institutional Trust Company N.A. held 198,503,978 shares on 03/31/2013 worth $5,728,824,926. This brought the portfolio total to 1.17%.

Bank of New York Mellon Corp. held 140,673,343 shares on 03/31/2013 worth $4,059,832,765. This brought the portfolio total to 1.29%.

Blackrock Fund Advisors held 75,065,240 shares on 03/31/2013 worth $2,166,382,872. This brought the portfolio total to 0.83%.

JPMorgan Chase & Co. held 72,395,765 shares on 03/31/2013 worth $2,089,341,822. This brought the portfolio total to 0.68%.

Blackrock Group Ltd held 70,454,050 shares on 03/31/2013 worth $2,033,303,926. This brought the portfolio total to 1.5%.

Blackrock Advisors LLC held 69,650,645 shares on 03/31/2013 worth $2,010,117,657. This brought the portfolio total to 2.02%.

Alliancebernstein L.P. held 49,801,086 shares on 03/31/2013 worth $1,437,259,372. This brought the portfolio total to 1.57%.

Lazard Asset Management LLC held 36,081,316 shares on 03/31/2013 worth $1,041,306,802. This brought the portfolio total to 2.32%.

LSV Asset Management held 31,202,579 shares on 03/31/2013 worth $900,506,449. This brought the portfolio total to 2.52%.

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