Best answer: Will Pfizer shareholders get Viatris stock?

Pfizer shareholders were given a little more than 12 shares in Viatris for every 100 they held in Pfizer. Mylan shareholders got a Viatris share for every previous Mylan share they held.

Do Pfizer own Viatris?

Viatris was formed as a result of the spin-off by Pfizer Inc. (“Pfizer”) of its global, primarily off-patent branded and generic established medicines business (the “Upjohn Business”) and, immediately thereafter, the combination of the Upjohn Business with Mylan N.V. (“Mylan”).

Will Viatris pay a dividend?

On May 7, 2021, Viatris’ Board of Directors declared the Company’s first quarterly cash dividend of $0.11 per share on the Company’s issued and outstanding common stock. The cash dividend will be payable on June 16, 2021 to shareholders of record as of the close of business on May 24, 2021.

Should I buy Viatris shares?

Why Viatris could be a great stock for the long haul

And it makes a galaxy of generic, over-the-counter, and biosimilar drugs for which there is also consistent demand. … As the market for biosimilar drugs is expected to grow by 130% through 2027, Viatris will be well-positioned to maintain and grow its slice of the pie.

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When did Pfizer spin-off Viatris?

Pfizer recently completed a spin-off of it’s Upjohn business, combining it with Mylan N.V. to form a new entity, Viatris, which began trading on 11/16/2020 under the ticker symbol VTRS.

How many shares of Viatris will Pfizer shareholders receive?

Pfizer shareholders were given a little more than 12 shares in Viatris for every 100 they held in Pfizer. Mylan shareholders got a Viatris share for every previous Mylan share they held.

What is the cost basis for Viatris?

This results in a tax basis of approximately $4.19 per share, with approximately $519.67 allocated to the 124 shares received of Viatris common stock and approximately $0.33 allocated to the Viatris fractional share in respect of which cash is received.

What does Viatris Inc do?

Viatris empowers people worldwide to live healthier at every stage of life. We provide access to medicines, advance sustainable operations, develop innovative solutions and leverage our collective expertise to improve patient health.

Do BP pay dividends?

The previous BP plc dividend was 4.1045p and it went ex 1 month ago and it was paid 3 days ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.3.

Dividend Summary.

Summary Previous dividend Next dividend
Pay date 17 Dec 2021 (Fri) 25 Mar 2022 (Fri)

What dividend does Viatris pay?

VTRS pays a dividend of $0.33 per share. VTRS’s annual dividend yield is 2.59%. Viatris’s dividend is higher than the US Drug Manufacturers – Specialty & Generic industry average of 2.18%, and it is lower than the US market average of 4.4%.

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Is Viatris a buy or sell?

Viatris has received a consensus rating of Hold. The company’s average rating score is 2.27, and is based on 3 buy ratings, 8 hold ratings, and no sell ratings.

Can I buy Viatris stock?

Viatris Inc., formerly Up Upjohn Inc., is a healthcare company. … , you can buy Viatris Inc stock in any dollar amount, or any other fund or stock you know on Stash.

What products does Viatris have?

Some examples of our capabilities include:

  • Biosimilars and insulin analogs.
  • Respiratory products.
  • Complex sterile products.
  • Topicals and transdermals.
  • Complex oral solid dosage forms.
  • Over-the-counter/parapharmaceuticals.
  • High potency products.
  • Traditional generics.

Is Pfizer going to split?

Pfizer announced on 29 July that it will split off its Upjohn off-patent branded and generics business and merge it with Mylan NV to establish a top generic drug company, with $19bn to $20bn in pro forma 2020 revenues.

What is Viatris Pfizer?

Formed in November 2020 through the combination of Mylan and Pfizer’s Upjohn business, Viatris brings together scientific, manufacturing and distribution expertise with proven regulatory, medical and commercial capabilities to deliver high-quality medicines to patients in more than 165 countries and territories.

What company did Pfizer spinoff?

NEW YORK–(BUSINESS WIRE)– Pfizer Inc. (NYSE: PFE) announced today that it has completed the transaction to spin off its Upjohn Business and combine it with Mylan N.V. to form Viatris Inc.