Pfizer Inc. (PFE), the world's largest research-based pharmaceuticals firm, said Monday that it raised the company's quarterly dividend by 12 percent to 19 cents per share.

The dividend is payable on March 8, 2005 to shareholders of record on Feb. 11.

Shares of Pfizer, the maker of Viagra (search), pain reliever Celebrex (search) and over-the-counter cold medicines Benadryl and Sudafed, were up 5 cents at $27.14 in afternoon trading on the New York Stock Exchange (search).