(BUSINESS WIRE)--The board of directors of Pfizer Inc today declared a 29-cent second-quarter, 2007, dividend on the company's common stock, payable June 5, 2007, to shareholders of record on May 11, 2007.

Pfizer increased its quarterly dividend to 29 cents in the first quarter of 2007 as part of a series of actions the company is taking to enhance shareholder value.

The second-quarter 2007 cash dividend will be the 274th consecutive quarterly dividend paid by Pfizer, and 2007 marks the 40th consecutive year of quarterly dividend increases for Pfizer shareholders.