Dividends and Buybacks: Pfizer, Ingersoll-Rand, and ING

Pfizer (NYSE:PFE) is increasing its dividend by 10%, bringing the annual amount to $0.88, a yield of 4.3%. The board has also okayed a new $10B share repurchase program to be added to the remainder of the existing authorization. Pfizer Inc. (NYSE:PFE): PFE shares recently traded at $20.31, down $0.25, or 1.22%. They have traded in a 52-week range of $16.63 to $21.45. Volume today was 23,866,853 shares versus a 3-month average volume of 46,992,400 shares. The company’s trailing P/E is 14.10, while trailing earnings are $1.44 per share. Get the most recent company news and stock data here >>

Ingersoll-Rand (NYSE:IR) raises its dividend by 33% to an annual rate of $0.64/share, bringing the yield to 1.93%. This increase follows a 71% gain in April, making it the second dividend increase of 2011. Shares are down 30% YTD. Ingersoll-Rand Plc (NYSE:IR): IR shares recently traded at $31.90, down $1.16, or 3.51%. They have traded in a 52-week range of $25.86 to $52.33. Volume today was 1,212,417 shares versus a 3-month average volume of 5,595,450 shares. The company’s trailing P/E is 35.41, while trailing earnings are $0.90 per share. Get the most recent company news and stock data here >>

In an attempt to strengthen its reserves, ING (NYSE:ING) makes an offer to buy back and exchange $7.7B of debt. The complicated deal will allow the Dutch bank to increase its capital levels without having to raise more money. The bank joins competitors such Lloyds (NYSE:LYG), BNP Paribas and Commerzbank who trade their own debt at discounted values and use the gains to improve capital. ING Groep NV (NYSE:ING): ING shares recently traded at $7.07, down $0.76, or 9.71%. They have traded in a 52-week range of $5.80 to $13.41. Volume today was 3,097,532 shares versus a 3-month average volume of 6,058,070 shares. The company’s trailing P/E is 3.94, while trailing earnings are $1.80 per share. Get the most recent company news and stock data here >>