Shares of Pfizer Inc. (NYSE:PFE) closed higher during Thursday's session, with the company's stock adding around 10% over the past month. Pfizer recently launched a multi-year cost reduction initiative aimed at saving approximately $1.5 billion by the end of 2027. This new program builds upon a $4 billion cost reduction plan announced last year. On May 1, Pfizer reported better-than-expected first-quarter financial results, posting adjusted EPS of 82 cents. That’s down 33% year over year, beating the consensus of 54 cents. With the recent buzz around Pfizer, some investors may be eyeing potential gains from the company's dividends. Pfizer currently has a dividend yield of 5.96% — a quarterly dividend of 42 cents a share ($1.68 a year). To figure out how to earn $500 ...