Abbott Increases Quarterly Dividend for 50th Consecutive Year

Rhea-AI Summary

Abbott has announced a 4.4% increase in its quarterly common dividend, raising it to 47 cents per share, marking the 50th consecutive year of dividend growth. This payment will be made on Feb. 15, 2022, to shareholders on record by Jan. 14, 2022. The company also authorized a new $5 billion share repurchase program, supporting its strategy for sustainable shareholder returns and innovation. Abbott boasts a history of 392 consecutive quarterly dividends and is a member of the S&P 500 Dividend Aristocrats Index.

Positive

• 4.4% increase in quarterly dividend to 47 cents per share.
• Celebrating 50 consecutive years of dividend growth.
• $5 billion share repurchase program authorized.

Negative

• None.

ABBOTT PARK, Ill., Dec. 10, 2021 /PRNewswire/ -- Abbott (NYSE: ABT) today announced that its board of directors has increased the company's quarterly common dividend, marking the company's 50^th consecutive year of dividend growth.

Abbott's quarterly common dividend has been increased to 47 cents per share, a 4.4% increase that follows a 25% increase to the company's quarterly dividend in 2021. It will be the 392^nd consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Feb. 15, 2022, to shareholders of record at the close of business on Jan. 14, 2022.

Abbott 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.

"Fifty years of dividend growth reflects the consistently strong performance of our diversified business model," said Robert B. Ford, president and chief executive officer, Abbott. "It exemplifies our longstanding commitment to delivering sustainable growth that fuels innovation as well as shareholder returns."

Abbott's board also has authorized the repurchase of up to $5 billion of the corporation's common shares. This new authorization is in addition to the unused portion of the previous program authorized by Abbott's board in October 2019. The purchases may be made from time to time as market conditions warrant and subject to regulatory considerations.

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 109,000 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 http://www.facebook.com/Abbott and on Twitter @AbbottNews.

— Private Securities Litigation Reform Act of 1995 —
A Caution Concerning Forward-Looking Statements

Some statements in this news release may be forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Abbott cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Economic, competitive, governmental, technological and other factors that may affect Abbott's operations are discussed in Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended Dec. 31, 2020, and are incorporated herein by reference. Abbott undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

View original content:https://www.prnewswire.com/news-releases/abbott-increases-quarterly-dividend-for-50th-consecutive-year-301442400.html

SOURCE Abbott

FAQ

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

Abbott has increased its quarterly dividend to 47 cents per share.

When will Abbott's new dividend be paid?

The dividend will be paid on Feb. 15, 2022, to shareholders of record as of Jan. 14, 2022.

How long has Abbott (ABT) been increasing dividends?

Abbott has increased its dividend for 50 consecutive years.

What is the total amount authorized for Abbott's share repurchase program?

Abbott has authorized a new share repurchase program of up to $5 billion.

Is Abbott (ABT) part of any dividend indices?

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