Should You Forget Pfizer and Buy This Magnificent Drug Stock Instead?

Pfizer has a huge dividend yield and a high payout ratio compared to Merck, which could make Merck the more attractive dividend stock.Merck (MRK +0.53%) has a $210 billion market cap. Pfizer (PFE +1.29%) has a market cap of $135 billion. They are both pharmaceutical industry giants with long and successful histories behind them. But there's one huge difference today for dividend investors. Pfizer is offering a 7% dividend yield while Merck's yield is roughly half that at 3.7%. Here's why the lower yield cou ...