PFIZER DECLARES FIRST-QUARTER 2022 DIVIDEND Friday, December 10, 2021 - 12:00pm Board of Directors approves increase in quarterly cash dividend to $0.40 per share NEW YORK--(BUSINESS WIRE)-- Pfizer Inc. (NYSE: PFE) today announced that its board of directors declared an increase in the quarterly cash dividend on the companys common stock to $0.40 for the first-quarter 2022 dividend, payable March 4, 2022, to holders of the Common Stock of record at the close of business on January 28, 2022. The first-quarter 2022 cash dividend will be the 333rd consecutive quarterly dividend paid by Pfizer.

(a). What journal entry will Pfizer record on March 4th, 2022?

You need to pick two answers.

Cr - Retained Earnings

Cr - Cash

Dr - Dividends Payable

Dr - Retained Earnings

Dr - Cash

Cr - Dividends Payable

(b).

In 2021, Pfizer paid dividends as follow:

Quarter 1: $0.39

Quarter 2: $0.38

Quarter 1: $0.37

Quarter 1: $0.41

What is Pfizer's Dividend Yield Ratio for the year of 2021? Assume that Pfizer's stocks are being traded for $55.20 a share.

Group of answer choices

1.3%

3.1%

2.81%

1.78%

0.71%