Abbott Increases Quarterly Dividend From $0.51 To $0.55 Per Share
Portfolio Pulse from Benzinga Newsdesk
Abbott (NYSE:ABT) has raised its quarterly dividend by 7.8% from $0.51 to $0.55 per share, marking its 52nd consecutive year of dividend growth and its 400th consecutive quarterly dividend since 1924. The increased dividend is payable on Feb. 15, 2024, to shareholders of record as of Jan. 12, 2024. Abbott is part of the S&P 500 Dividend Aristocrats Index.
December 15, 2023 | 4:28 pm
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Abbott has announced a 7.8% increase in its quarterly dividend, from $0.51 to $0.55 per share, continuing its long history of dividend growth.
Dividend increases are typically seen as a positive signal about a company's financial health and future prospects. As a result, they can lead to a positive short-term impact on the stock price. Given Abbott's consistent history of dividend growth and its status as a Dividend Aristocrat, this news is likely to be well-received by investors, potentially leading to an increase in the stock price in the short term.
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