5 Best S&P 500 Stocks to Buy for Dividends

4. Pfizer Inc. (NYSE:PFE

Number of Hedge Fund Holders: 83

Dividend Yield as of June 23: 6.96%

Pfizer Inc. (NYSE:PFE) discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States and internationally. The company’s global portfolio includes medicines and vaccines, as well as many of the world’s best-known consumer health care products.

Pfizer Inc. (NYSE:PFE) announced on June 18 that its CFO, Dave Denton, will step down from his current role and leave the company on August 15 to pursue an opportunity in the consumer goods sector. He will be replaced by Cecile Guegan as Interim CFO, effective August 16, while the pharma giant conducts a comprehensive internal and external search.

At the same time, Pfizer Inc. (NYSE:PFE) also reaffirmed its outlook for FY 2026. It continues to target total company revenues in the range of $59.5 billion to $62.5 billion and adjusted diluted earnings in the range of $2.80 to $3 per share for the year. The guidance assumes adjusted gross margins in the mid-70s range, in addition to cost discipline and investment.

With a robust annual dividend yield of 6.96%, Pfizer Inc. (NYSE:PFE) was also recently included in our list of the 12 High Yield Fortune 500 Stocks to Buy Now.

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