Can someone explain how companies can afford to pay high dividends?Let's look at Pfizer. They have a dividend yield of 5.69%.Their market cap is 167B. That would mean they need to be 9.5B in dividends, more than three times their annual profit.What am I missing? Who gets dividends and how? This obviously doesn't add up so I know I'm misunderstanding something.
>>58775606>She doesn't know
>>58775606wtf
>>58775606Pfizer's annual revenue is 58 billion. They pay out dividends and other expenses from this revenue. Their profit is what remains after paying all expenses.
>>58775606>more than three times their annual profitLast year Pfizer profit was it was $58.5B so you're off by 20x
>>58775810>profitrevenue*
>>58775810>was it wasFuck I need sleep
