Dividend Aristocrat Abbott Laboratories Hikes Dividend by 25%
On Friday, Abbott Laboratories (NYSE: ABT) undertook its long-standing annual ritual and raised its quarterly dividend. The hike was considerable -- a 25% boost to $0.45 per share. The new payout will be distributed on Feb. 16 to stockholders of record as of Jan. 15. At the current share price, it would yield 1.7%.
Abbott is a Dividend Aristocrat, one of just 65 S&P 500 index components that has lifted its disbursement at least once annually for a minimum of 25 years running. For Abbott, this hike makes its streak an impressive 49 years.
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Source Fool.com
