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Pfizer boosts quarterly dividend to 24 cents

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December 17, 2012 12:25 PM EST | AP


NEW YORK — Pfizer Inc. says that its board approved a 9 percent increase in its common stock dividend, to 24 cents from 22 cents.

The New York-based drugmaker said Monday the quarterly dividend will be paid on March 5 to shareholders of record as of Feb. 1.

Pfizer shares rose 24 cents to $25.42 in midday trading.