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Pfizer approves $10B share buyback, ups quarterly dividend by 6%

Pfizer Inc.'s board approved a new $10 billion share repurchase program in addition to $6.4 billion remaining under the company's current authorization.

The company also declared a first-quarter dividend of 34 cents per common share, up about 6% from 32 cents per share in the previous quarter.

The dividend is payable March 1, 2018, to shareholders of record as of Feb. 2, 2018.