Abbott Increases Quarterly Dividend by 25%

Rhea-AI Summary

Abbott has announced a 25% increase in its quarterly common dividend, raising it to 45 cents per share. This decision reflects Abbott's strong business momentum and commitment to providing immediate value to shareholders. The upcoming dividend, marking the 388th consecutive quarterly payment since 1924, will be distributed on February 16, 2021, to shareholders on record by January 15, 2021. Abbott has maintained a remarkable 49 consecutive years of dividend increases and is listed in the S&P 500 Dividend Aristocrats Index.

Positive

• 25% increase in quarterly dividend to 45 cents per share.
• 388th consecutive quarterly dividend payment reflects strong company performance.
• 49 consecutive years of dividend increases demonstrates company stability.

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• None.

ABBOTT PARK, Ill., Dec. 11, 2020 /PRNewswire/ -- Abbott (NYSE: ABT) today announced that its board of directors has increased the company's quarterly common dividend to 45 cents per share, reflecting a 25% increase.

"Paying a strong and growing dividend is foundational to Abbott," said Robert B. Ford, president and chief executive officer, Abbott. "The increase reflects the strength and momentum of Abbott's diversified business and our ability to invest in future growth while returning immediate value to shareholders."

This marks the 388^th consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Feb. 16, 2021, to shareholders of record at the close of business on Jan. 15, 2021.

Abbott has increased its dividend payout for 49 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 107,000 colleagues serve people in more than 160 countries.

Connect with us at www.abbott.com, on LinkedIn at www.linkedin.com/company/abbott-/, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews.

View original content:http://www.prnewswire.com/news-releases/abbott-increases-quarterly-dividend-by-25-301191339.html

SOURCE Abbott

FAQ

What is the new dividend amount for Abbott (ABT)?

Abbott (ABT) has increased its quarterly dividend to 45 cents per share.

When will Abbott (ABT) pay the increased dividend?

The increased dividend will be paid on February 16, 2021, to shareholders on record as of January 15, 2021.

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

Abbott has increased its dividend for 49 consecutive years.

Is Abbott (ABT) part of any dividend indices?

Yes, Abbott is a member of the S&P 500 Dividend Aristocrats Index.