5 Dividend Aristocrats That Slashed Their Dividends

4. Pfizer Inc. (NYSE:PFE)

Date Removed from S&P Dividend Aristocrats: 2009

An American multinational pharmaceutical industry company, Pfizer Inc. (NYSE:PFE) is next on our list of dividend aristocrats that slashed their dividends. Despite maintaining a steady trend of dividend growth for the last 14 consecutive years, the company was previously recognized as a dividend aristocrat, having achieved an impressive 41-year stretch of consistent dividend increases. However, this longstanding streak came to an end in 2009. The company pays a quarterly dividend of $0.42 per share and has a dividend yield of 5.85%, as of January 15.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 73 funds owned stakes in Pfizer Inc. (NYSE:PFE), the same as in the previous quarter. These stakes have a total value of more than $2.4 billion.