Abbott Increases Quarterly Dividend for 53rd Consecutive Year

Abbott (NYSE: ABT) has announced a 7.3% increase in its quarterly common dividend to 59 cents per share, marking its 53rd consecutive year of dividend growth.

Rhea-AI Summary

Abbott (NYSE: ABT) has announced a 7.3% increase in its quarterly common dividend to 59 cents per share, marking its 53rd consecutive year of dividend growth. The company's quarterly dividend payout has grown more than 60% since 2020, demonstrating consistent shareholder value creation. This will be Abbott's 404th consecutive quarterly dividend since 1924. The dividend is payable on February 14, 2025, to shareholders of record as of January 15, 2025. Abbott maintains its position in the S&P 500 Dividend Aristocrats Index, which includes companies with at least 25 consecutive years of dividend increases.

Positive

• 7.3% increase in quarterly dividend to $0.59 per share
• 53 consecutive years of dividend growth
• 60% increase in quarterly dividend payout since 2020
• 404 consecutive quarters of dividend payments since 1924
• Maintained position in S&P 500 Dividend Aristocrats Index

Negative

• None.

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• Dividend increased by 7.3%
• Quarterly dividend payout has increased more than 60% since 2020
• 404^th consecutive quarterly dividend to be paid by Abbott since 1924

ABBOTT PARK, Ill., Dec. 13, 2024 /PRNewswire/ -- Abbott (NYSE: ABT) today announced that its board of directors has increased the company's quarterly common dividend to 59 cents per share, an increase of 7.3%. The company's quarterly dividend payout has increased more than 60% since 2020.

This marks Abbott's 53^rd consecutive year of dividend growth. It will be the 404^th consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Feb. 14, 2025, to shareholders of record at the close of business on Jan. 15, 2025.

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.

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-increases-quarterly-dividend-for-53rd-consecutive-year-302331449.html

SOURCE Abbott

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Abbott's new quarterly dividend amount for 2025?

Abbott's new quarterly dividend amount is 59 cents per share, representing a 7.3% increase from the previous dividend.

When will Abbott (ABT) pay its next dividend?

Abbott will pay its next dividend on February 14, 2025, to shareholders of record as of January 15, 2025.

How many consecutive years has Abbott (ABT) increased its dividend?

Abbott has increased its dividend for 53 consecutive years, making it a long-standing member of the S&P 500 Dividend Aristocrats Index.

How much has Abbott's dividend grown since 2020?

Abbott's quarterly dividend payout has increased by more than 60% since 2020.

How many consecutive quarters has Abbott (ABT) paid dividends?

Abbott has paid dividends for 404 consecutive quarters since 1924, demonstrating a long history of consistent shareholder returns.