adds Lewis. “It’s a stock that you buy, hold, and forget about; you have to be patient.” Indeed there may be some benefit to that approach–for the last 40 years Pfizer investors have been rewarded with annual dividend increases.
WHERE TO FIND DIVIDENDS
A sector breakdown of the S&P 500
| Sector |
Total No. of Companies |
Dividend Payers |
| Consumer Discretionary |
88 |
69 |
| Consumer Staples |
39 |
37 |
| Energy |
32 |
28 |
| Financials |
92 |
89 |
| Healthcare |
54 |
27 |
| Industrials |
53 |
50 |
| Materials |
28 |
26 |
| Information Technology |
73 |
24 |
| Telecom |
9 |
8 |
| Uti lities |
32 |
29 |
| Total |
500 |
387 |
Source: Standard & Poor’s
| Company (Ticker) | Dividend Price | Market Yield | Cap. |
| Cedar Fair (FUN) | $29.80 | 6.6% | $1.6 billion |
| Diageo (DEO) | $84.25 | 2.3% | $56.9 billion |
| Pfizer (PFE) | $25.88 | 4.6% | $175.5 billion |
Data as of 7/9/07
Source: Yahoo! Finance