Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Abbott announces 401st consecutive dividend, price set at 55 cents per share

Published 2024-02-16, 10:54 a/m
Updated 2024-02-16, 10:54 a/m
© Reuters.

ABBOTT PARK, Ill. - Abbott (NYSE:ABT) has declared a quarterly common dividend of 55 cents per share, continuing its long-standing tradition of rewarding shareholders. This recent announcement marks the company's 401st consecutive quarterly dividend since 1924.

The dividend is scheduled for distribution on May 15, 2024, to shareholders who are on record as of April 15, 2024. Abbott's consistency in dividend payments is noteworthy, as the company has not only maintained but also increased its dividend payout for 52 consecutive years. This achievement places Abbott among the esteemed ranks of the S&P 500 Dividend Aristocrats Index, which includes companies with a history of raising dividends annually for at least 25 years.

Abbott, a global healthcare company, is known for its diverse portfolio that spans various segments of the healthcare industry, including diagnostics, medical devices, nutritionals, and branded generic medicines. With a workforce of 114,000, Abbott has a presence in over 160 countries, aiming to help people lead healthier lives at every stage.

This dividend declaration is a testament to Abbott's financial health and commitment to providing value to its investors. The company's inclusion in the Dividend Aristocrats Index underscores its reliability and performance in the eyes of the investment community.

The information for this report is based on a press release statement from Abbott.

InvestingPro Insights

As Abbott (NYSE:ABT) continues its legacy of delivering shareholder value through dividends, recent data from InvestingPro provides a deeper insight into the company's financial metrics and market performance. With a market capitalization of $199.58 billion and a robust gross profit margin of 55.42% over the last twelve months as of Q4 2023, Abbott's financial stability is evident.

An impressive track record of dividend consistency is highlighted by the company's ability to maintain dividend payments for 54 consecutive years, a testament to its financial resilience and strategic management. This is further substantiated by the recent dividend announcement, reinforcing Abbott's position as a reliable investment for those seeking regular income.

InvestingPro Tips suggest that Abbott has raised its dividend for 10 consecutive years, showcasing a commitment to returning value to shareholders. Additionally, the company is recognized as a prominent player in the Healthcare Equipment & Supplies industry, which may provide a degree of investment security given the essential nature of healthcare products and services.

For investors looking for more in-depth analysis and additional InvestingPro Tips, visit to explore further. There are 13 more tips available that could provide valuable insights into Abbott’s market position and performance. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enriching your investment strategy with expert data and analysis.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.