December 18, 2017 / 5:02 PM / 6 months ago

Pfizer announces new $10 bln share buyback, hikes dividend

Dec 18 (Reuters) - Pfizer Inc said on Monday its board had authorized a new $10 billion share repurchase program and raised its quarterly dividend.

The share buyback is in addition to the $6.4 billion remaining under the company's current authorization, Pfizer said.

The drugmaker hiked its first-quarter dividend to 34 cents per share from 32 cents. (Reporting by Tamara Mathias in Bengaluru; Editing by Maju Samuel)

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