PFIZER INC 10-Q form for quarterly period ended 2024-06-30, page 8: 
PFIZER INC. AND SUBSIDIARY COMPANIES


CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

(UNAUDITED)

|    |                                               |              |                          |                |    |                       |        |    |        |    |                   |         |                         |    |                       |           |                           |              |         |         |       |    |         |    |     |    |         |    |     |    |         |
|---:|:----------------------------------------------|:-------------|:-------------------------|:---------------|:---|:----------------------|:-------|:---|:-------|:---|:------------------|:--------|:------------------------|:---|:----------------------|:----------|:--------------------------|:-------------|:--------|:--------|:------|:---|:--------|:---|:----|:---|:--------|:---|:----|:---|:--------|
|  1 |                                               |              | PFIZER INC. SHAREHOLDERS |                |    |                       |        |    |        |    |                   |         |                         |    |                       |           |                           |              |         |         |       |    |         |    |     |    |         |    |     |    |         |
|  2 |                                               | Common Stock |                          | Treasury Stock |    |                       |        |    |        |    |                   |         |                         |    |                       |           |                           |              |         |         |       |    |         |    |     |    |         |    |     |    |         |
|  3 | (MILLIONS, EXCEPT PER SHARE DATA)             |              | Shares                   | Par Value      |    | Add'l Paid-In Capital | Shares |    | Cost   |    | Retained Earnings |         | Accum. Other Comp. Loss |    | Share-holders' Equity |           | Non-controlling interests | Total Equity |         |         |       |    |         |    |     |    |         |    |     |    |         |
|  4 | Balance, March 31, 2024                       |              | 9,592                    |                | $  | 480                   |        | $  | 92,997 |    |                   | (3,925) |                         |    | $                     | (114,755) |                           | $            | 121,318 |         |       | $  | (7,758) |    |     | $  | 92,282  | $  | 276 | $  | 92,558  |
|  5 | Net income/(loss)                             |              |                          |                |    |                       |        |    |        |    | 41                |         |                         |    |                       | 41        |                           | 7            |         |         | 48    |    |         |    |     |    |         |    |     |    |         |
|  6 | Other comprehensive income/(loss), net of tax |              |                          |                |    |                       |        |    |        |    |                   |         | (58)                    |    |                       | (58)      |                           | (9)          |         |         | (67)  |    |         |    |     |    |         |    |     |    |         |
|  7 | Cash dividends declared, per share: $0.84     |              |                          |                |    |                       |        |    |        |    |                   |         |                         |    |                       |           |                           |              |         |         |       |    |         |    |     |    |         |    |     |    |         |
|  8 | Common stock                                  |              |                          |                |    |                       |        |    |        |    | (4,760)           |         |                         |    |                       | (4,760)   |                           |              |         | (4,760) |       |    |         |    |     |    |         |    |     |    |         |
| 11 | Share-based payment transactions              |              | -                        |                | -  |                       | 200    |    |        | -  |                   |         | (2)                     |    |                       | (2)       |                           |              |         | 196     |       |    |         |    | 196 |    |         |    |     |    |         |
| 14 | Other                                         |              |                          |                |    | -                     |        | -  |        |    | -                 |         |                         | -  |                       |           |                           | -            |         |         | -     |    |         | -  |     |    |         |    |     |    |         |
| 15 | Balance, June 30, 2024                        |              | 9,592                    |                | $  | 480                   |        | $  | 93,197 |    |                   | (3,925) |                         |    | $                     | (114,757) |                           | $            | 116,596 |         |       | $  | (7,816) |    |     | $  | 87,700  | $  | 275 | $  | 87,975  |
| 17 |                                               |              | PFIZER INC. SHAREHOLDERS |                |    |                       |        |    |        |    |                   |         |                         |    |                       |           |                           |              |         |         |       |    |         |    |     |    |         |    |     |    |         |
| 18 |                                               | Common Stock |                          | Treasury Stock |    |                       |        |    |        |    |                   |         |                         |    |                       |           |                           |              |         |         |       |    |         |    |     |    |         |    |     |    |         |
| 19 | (MILLIONS, EXCEPT PER SHARE DATA)             |              | Shares                   | Par Value      |    | Add'l Paid-In Capital | Shares |    | Cost   |    | Retained Earnings |         | Accum. Other Comp. Loss |    | Share-holders' Equity |           | Non-controlling interests | Total Equity |         |         |       |    |         |    |     |    |         |    |     |    |         |
| 20 | Balance, April 2, 2023                        |              | 9,560                    |                | $  | 478                   |        | $  | 92,153 |    |                   | (3,915) |                         |    | $                     | (114,473) |                           | $            | 131,101 |         |       | $  | (8,289) |    |     | $  | 100,970 | $  | 266 | $  | 101,236 |
| 21 | Net income/(loss)                             |              |                          |                |    |                       |        |    |        |    | 2,327             |         |                         |    |                       | 2,327     |                           | 11           |         |         | 2,338 |    |         |    |     |    |         |    |     |    |         |
| 22 | Other comprehensive income/(loss), net of tax |              |                          |                |    |                       |        |    |        |    |                   |         | 187                     |    |                       | 187       |                           | (3)          |         |         | 184   |    |         |    |     |    |         |    |     |    |         |
| 23 | Cash dividends declared, per share: $0.82     |              |                          |                |    |                       |        |    |        |    |                   |         |                         |    |                       |           |                           |              |         |         |       |    |         |    |     |    |         |    |     |    |         |
| 24 | Common stock                                  |              |                          |                |    |                       |        |    |        |    | (4,630)           |         |                         |    |                       | (4,630)   |                           |              |         | (4,630) |       |    |         |    |     |    |         |    |     |    |         |
| 27 | Share-based payment transactions              |              | 1                        |                | -  |                       | 176    |    |        | -  |                   |         | (8)                     |    |                       | (4)       |                           |              |         | 164     |       |    |         |    | 164 |    |         |    |     |    |         |
| 30 | Other                                         |              |                          |                |    | -                     |        | -  |        |    | -                 |         |                         | -  |                       |           |                           | -            |         |         | -     |    |         | -  |     |    |         |    |     |    |         |
| 31 | Balance, July 2, 2023                         |              | 9,561                    |                | $  | 478                   |        | $  | 92,329 |    |                   | (3,916) |                         |    | $                     | (114,482) |                           | $            | 128,796 |         |       | $  | (8,102) |    |     | $  | 99,019  | $  | 274 | $  | 99,293  |


|    |                                               |              |                          |                |    |                      |        |    |        |      |                   |         |                        |    |                       |           |                           |    |              |         |         |       |    |         |    |      |    |        |    |     |    |        |
|---:|:----------------------------------------------|:-------------|:-------------------------|:---------------|:---|:---------------------|:-------|:---|:-------|:-----|:------------------|:--------|:-----------------------|:---|:----------------------|:----------|:--------------------------|:---|:-------------|:--------|:--------|:------|:---|:--------|:---|:-----|:---|:-------|:---|:----|:---|:-------|
|  1 |                                               |              | PFIZER INC. SHAREHOLDERS |                |    |                      |        |    |        |      |                   |         |                        |    |                       |           |                           |    |              |         |         |       |    |         |    |      |    |        |    |     |    |        |
|  2 |                                               | Common Stock |                          | Treasury Stock |    |                      |        |    |        |      |                   |         |                        |    |                       |           |                           |    |              |         |         |       |    |         |    |      |    |        |    |     |    |        |
|  3 | (MILLIONS, EXCEPT PER SHARE DATA)             |              | Shares                   | Par Value      |    | Add'lPaid-In Capital | Shares |    | Cost   |      | Retained Earnings |         | Accum. Other Comp.Loss |    | Share-holders' Equity |           | Non-controlling interests |    | Total Equity |         |         |       |    |         |    |      |    |        |    |     |    |        |
|  4 | Balance, January 1, 2024                      |              | 9,562                    |                | $  | 478                  |        | $  | 92,631 |      |                   | (3,916) |                        |    | $                     | (114,487) |                           |    | $            | 118,353 |         |       | $  | (7,961) |    |      | $  | 89,014 | $  | 274 | $  | 89,288 |
|  5 | Net income                                    |              |                          |                |    |                      |        |    |        |      | 3,156             |         |                        |    |                       | 3,156     |                           |    | 15           |         |         | 3,171 |    |         |    |      |    |        |    |     |    |        |
|  6 | Other comprehensive income/(loss), net of tax |              |                          |                |    |                      |        |    |        |      |                   |         | 145                    |    |                       | 145       |                           |    | (14)         |         |         | 131   |    |         |    |      |    |        |    |     |    |        |
|  7 | Cash dividends declared, per share: $0.84     |              |                          |                |    |                      |        |    |        |      |                   |         |                        |    |                       |           |                           |    |              |         |         |       |    |         |    |      |    |        |    |     |    |        |
|  8 | Common stock                                  |              |                          |                |    |                      |        |    |        |      | (4,760)           |         |                        |    |                       | (4,760)   |                           |    |              |         | (4,760) |       |    |         |    |      |    |        |    |     |    |        |
| 11 | Share-based payment transactions              |              | 30                       |                | 1  |                      | 566    |    |        | (10) |                   |         | (270)                  |    |                       | (153)     |                           |    |              |         | 144     |       |    |         |    | 144  |    |        |    |     |    |        |
| 14 | Other                                         |              |                          |                |    | -                    |        | -  |        |      | -                 |         |                        |    |                       |           |                           | -  |              |         | -       |       |    | -       |    |      |    |        |    |     |    |        |
| 15 | Balance, June 30, 2024                        |              | 9,592                    |                | $  | 480                  |        | $  | 93,197 |      |                   | (3,925) |                        |    | $                     | (114,757) |                           |    | $            | 116,596 |         |       | $  | (7,816) |    |      | $  | 87,700 | $  | 275 | $  | 87,975 |
| 17 |                                               |              | PFIZER INC. SHAREHOLDERS |                |    |                      |        |    |        |      |                   |         |                        |    |                       |           |                           |    |              |         |         |       |    |         |    |      |    |        |    |     |    |        |
| 18 |                                               | Common Stock |                          | Treasury Stock |    |                      |        |    |        |      |                   |         |                        |    |                       |           |                           |    |              |         |         |       |    |         |    |      |    |        |    |     |    |        |
| 19 | (MILLIONS, EXCEPT PER SHARE DATA)             |              | Shares                   | Par Value      |    | Add'lPaid-In Capital | Shares |    | Cost   |      | Retained Earnings |         | Accum. Other Comp.Loss |    | Share-holders' Equity |           | Non-controlling interests |    | Total Equity |         |         |       |    |         |    |      |    |        |    |     |    |        |
| 20 | Balance, January 1, 2023                      |              | 9,519                    |                | $  | 476                  |        | $  | 91,802 |      |                   | (3,903) |                        |    | $                     | (113,969) |                           |    | $            | 125,656 |         |       | $  | (8,304) |    |      | $  | 95,661 | $  | 256 | $  | 95,916 |
| 21 | Net income                                    |              |                          |                |    |                      |        |    |        |      | 7,870             |         |                        |    |                       | 7,870     |                           |    | 24           |         |         | 7,894 |    |         |    |      |    |        |    |     |    |        |
| 22 | Other comprehensive income/(loss), net of tax |              |                          |                |    |                      |        |    |        |      |                   |         | 202                    |    |                       | 202       |                           |    | (6)          |         |         | 196   |    |         |    |      |    |        |    |     |    |        |
| 23 | Cash dividends declared, per share: $0.82     |              |                          |                |    |                      |        |    |        |      |                   |         |                        |    |                       |           |                           |    |              |         |         |       |    |         |    |      |    |        |    |     |    |        |
| 24 | Common stock                                  |              |                          |                |    |                      |        |    |        |      | (4,630)           |         |                        |    |                       | (4,630)   |                           |    |              |         | (4,630) |       |    |         |    |      |    |        |    |     |    |        |
| 27 | Share-based payment transactions              |              | 42                       |                | 2  |                      | 527    |    |        | (12) |                   |         | (512)                  |    |                       | (101)     |                           |    |              |         | (85)    |       |    |         |    | (85) |    |        |    |     |    |        |
| 30 | Other                                         |              |                          |                |    | -                    |        | -  |        |      | -                 |         |                        | -  |                       |           |                           |    | -            |         |         | -     |    |         | -  |      |    |        |    |     |    |        |
| 31 | Balance, July 2, 2023                         |              | 9,561                    |                | $  | 478                  |        | $  | 92,329 |      |                   | (3,916) |                        |    | $                     | (114,482) |                           |    | $            | 128,796 |         |       | $  | (8,102) |    |      | $  | 99,019 | $  | 274 | $  | 99,293 |


See Accompanying Notes.

8






Question: How did Pfizer's dividends declared per share change between the quarters ending June 30, 2024, and July 2, 2023?
Answer: Pfizer declared dividends of $0.84 per share for the quarter ending June 30, 2024, compared to $0.82 per share for the quarter ending July 2, 2023. This represents an increase of $0.02 or 2.44%.
Calculation:
Change in dividends per share = 0.84 - 0.82 = 0.02
Percentage change = (0.02 / 0.82) * 100 = 2.44%