Mylan Upjohn Merger – Pfizer Shareholders to receive 0.12 Viatris Shares per Pfizer Share.
Did Viatris buy Mylan?
With Mylan-Upjohn merger wrapped, Viatris chairman Coury collects $29M in 2020 pay | FiercePharma.
What will Viatris dividend be?
Viatris Inc. (VTRS) will begin trading ex-dividend on May 21, 2021. A cash dividend payment of $0.11 per share is scheduled to be paid on June 16, 2021. Shareholders who purchased VTRS prior to the ex-dividend date are eligible for the cash dividend payment.
Why did Pfizer spin off Viatris?
As a shareholder of Pfizer (PFE) or Mylan N.V. (MYL), we wanted to provide an update on your holdings. Pfizer recently completed a spin-off of it’s Upjohn business, combining it with Mylan N.V. to form a new entity, Viatris, which began trading on 11/16/2020 under the ticker symbol VTRS.
Why did I get shares of Viatris?
That’s because Viatris was formed through the merger of Mylan and Upjohn, the generics unit of Pfizer (NYSE:PFE). Pfizer shareholders were given a little more than 12 shares in Viatris for every 100 they held in Pfizer. Mylan shareholders got a Viatris share for every previous Mylan share they held.
Will Pfizer shareholders get Mylan stock?
Will Pfizer shareholders get Mylan stock ? Pfizer Shareholders will get Viatris Stock.
Is Mylan going out of business?
A statement from Viatris reads: “The expected date of cessation of manufacturing operations is July 31, 2021, with limited wind-down and closer activities continuing after that date, possibly through March 31, 2022.”
What drugs do Mylan make?
Drugs Associated with Mylan Pharmaceuticals Inc.
|almotriptan Generic Drug class: antimigraine agents||30 reviews||8.9 / 10|
|Aloprim Generic name: allopurinol Drug class: antigout agents, antihyperuricemic agents||2 reviews||9.5 / 10|
|alprazolam Generic Drug class: benzodiazepines||1246 reviews||8.7 / 10|
Is Mylan still a company?
Mylan N.V. was a global generic and specialty pharmaceuticals company.
|Trade name||Mylan N.V.|
|Founded||1961 in White Sulphur Springs, West Virginia, United States|
|Founders||Milan Puskar Don Panoz|
|Defunct||November 16, 2020|
|Fate||merged with Upjohn to form Viatris|
Does VTRS pay a dividend?
VTRS pays a dividend of $0.11 per share. VTRS’s annual dividend yield is 0.76%. Viatris’s dividend is lower than the US Drug Manufacturers – Specialty & Generic industry average of 1.82%, and it is lower than the US market average of 3.27%.
Is PFE a good dividend stock?
Even with a lower payout, Pfizer’s dividend will remain quite attractive. The company has strong growth prospects, particularly with its successful COVID-19 vaccine. The stock is also relatively cheap, with shares trading at around 11.4 times expected earnings.
Is Viatris spin off taxable?
Pfizer spun off its Upjohn unit which immediately merged with Mylan to form Viatris, effective November 16, 2020 in a transaction meant to be tax-free to Pfizer shareholders. … This action is a standard spinoff transaction in the accounting software. It is structured to be a non-taxable event for Pfizer shareholders.
Why did I get VTRS shares?
Why is VTRS stock in my account? As a result of the merger, Mylan stock transformed into Viatris stock, which trades under the ticker symbol “VTRS” on the Nasdaq exchange. If you see VTRS stock in your account, chances are that you owned Mylan shares.
Is Viatris a good company?
One cheap stock worth considering is drugmaker Viatris (NASDAQ:VTRS). It trades at a ridiculously low price-to-earnings ratio of 4.2 and recently announced its first quarterly results and dividend payment. Viatris looks incredibly attractive at these levels, and its business is beginning to show signs of stability.