Grow Your Wealth with a Dividend Stock

The stock market is showing signs of recovery. The worst of the bear market could be behind us. But plenty of investors still lack confidence. If you aren't ready to dive into discount stocks, you could seek income instead. A reliable dividend could generate income while you continue to assess the market. Pfizer (NYSE: PFE) is a multinational pharmaceutical company. It is typically a strong performer on income and revenue. Recently, the company has seen a boost in sales generated by Covid-19 vaccines. With orders still pouring in, this revenue is secure in the mid-term. The company also produces the antiviral Paxlovid, which could drive revenue in the coming years. Pfizer's revenue increased by 95.16% last year. The company ended 2021 with a gross profit margin of 57.67%. In the most recent quarter, revenue increased by 47% year over year. The company is in excellent financial health. This bodes well for the dividend. The current yield of 3.08% is well above the market average. The dividend is safe, thanks to the company's cash flow. This is one of the most reliable stocks for income that can go right back into your portfolio. You can find income opportunities with the right choices. Secure your future with these investment strategies designed for success. The information above is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are our own and we have not been compensated in any way to review the symbols mentioned above.  sponsored ads below “Financial Nostradamus” makes bone-chilling prediction… In 2019, this man wrote a book called Aftermath that shocked the world by predicting that “Something on the scale of a global pandemic will be the cause of the next financial crisis” And that “it will happen with 100% certainty” in the next few years. Just four months later we had the first reported case of the coronavirus. Now he’s back with another bone-chilling prediction. 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