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AbbVie shows strong dividend sustainability post-Humira; Pfizer faces dividend risk amid COVID revenue decline.

Company Fundamentals
06 Apr 2026
24/7 Wall Street
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Neutral
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AbbVie and Pfizer reported contrasting Q4 earnings: AbbVie grew 10% with strong sales from Skyrizi and Rinvoq, supporting a growing, well-covered dividend. Pfizer's revenue fell 1.2%, with COVID product sales dropping sharply, causing dividend coverage to fall below free cash flow, raising sustainability concerns. AbbVie’s dividend yield is lower but backed by solid cash flow, while Pfizer’s higher yield relies on borrowing, posing risk. Investors should watch AbbVie’s drug growth and Pfizer’s cost-saving efforts and non-COVID portfolio performance in 2026.

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