Abbott Laboratories increases dividend for 48th consecutive year

Dividend Aristocrat Abbott Laboratories (ABT) will raise its quarterly dividend by 12.5% to $0.36 per share in the first quarter of 2020.

This marks the 384th consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Feb. 14, 2020, to shareholders of record at the close of business on Jan. 15, 2020.

The new annualize dividend rate of $1.44 per share yields 1.7% at a stock price of $86.

Abbott has increased its dividend payout for 48 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.

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 103,000 colleagues serve people in more than 160 countries.

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