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The board of directors of
Abbott
ABT today declared its 356^th consecutive quarterly cash
dividend. The quarterly dividend is $0.14 per share, payable Feb. 15, 2013, to
shareholders of record on Jan. 15, 2013. The management of AbbVie, Abbott's
research-based pharmaceuticals business, intends to recommend a cash dividend,
subject to AbbVie board approval, of $0.40 per share, which together with
Abbott's dividend will equal a cash dividend of $0.54 per share, an increase
of nearly 6 percent over Abbott's quarterly cash dividend declared in
September 2012.
Abbott's annualized cash dividend of $0.56 per share, combined with AbbVie's
annualized cash dividend of $1.60 per share equals a total annualized cash
dividend of $2.16 per share, compared to the annualized cash dividend of
Abbott, prior to separation, of $2.04 per share. Future quarterly dividends,
including the expected AbbVie dividend in February 2013, are subject to
approval by each company's board of directors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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