Abbott Declares 402nd Consecutive Quarterly Dividend

Rhea-AI Summary

Abbott (NYSE: ABT) has declared its 402nd consecutive quarterly dividend of 55 cents per share, continuing a tradition since 1924. The payment is scheduled for August 15, 2024, to shareholders on record by July 15, 2024. Abbott has consistently increased its dividend for 52 years, securing its membership in the S&P 500 Dividend Aristocrats Index, which includes companies that have raised dividends annually for at least 25 years.

Positive

• Declaring its 402nd consecutive quarterly dividend reflects Abbott's financial stability.
• A 55 cents per share dividend payout is scheduled, providing a reliable income for shareholders.
• The dividend increase for 52 consecutive years underscores Abbott's strong financial performance.
• Membership in the S&P 500 Dividend Aristocrats Index enhances Abbott's reputation for financial reliability.

Negative

• No new significant growth initiatives or business expansions were announced in the PR.
• The PR does not mention any increase in the dividend amount, maintaining it at 55 cents per share.

ABBOTT PARK, Ill., June 14, 2024 /PRNewswire/ -- The board of directors of Abbott (NYSE: ABT) today declared a quarterly common dividend of 55 cents per share.

This marks the 402^nd consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Aug. 15, 2024, to shareholders of record at the close of business on July 15, 2024.

Abbott has increased its dividend payout for 52 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have increased dividends annually for at least 25 consecutive years.

About Abbott:
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

Connect with us at www.abbott.com and on LinkedIn, Facebook, Instagram, X and YouTube.

View original content:https://www.prnewswire.com/news-releases/abbott-declares-402nd-consecutive-quarterly-dividend-302173202.html

SOURCE Abbott

FAQ

What is the recent dividend declared by Abbott (ABT)?

Abbott has declared a quarterly dividend of 55 cents per share.

When will Abbott (ABT) pay its next dividend?

The next dividend payment is scheduled for August 15, 2024.

Who is eligible for Abbott's (ABT) upcoming dividend?

Shareholders of record at the close of business on July 15, 2024, are eligible.

How long has Abbott (ABT) been increasing its dividend?

Abbott has increased its dividend payout for 52 consecutive years.

What is the significance of Abbott's (ABT) membership in the S&P 500 Dividend Aristocrats Index?

It signifies Abbott's commitment to increasing dividends annually for at least 25 years.