Abbott Laboratories Jumps After Boosting Quarterly Dividend

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Abbott Laboratories ( ABT ) popped Friday after the medical giant announced it raised its dividend to 28 cents, marking the 377th consecutive quarterly dividend to be paid by Abbott since 1924.

[ibd-display-video id=3151980 width=50 float=left autostart=true] The cash dividend is payable May 15 to shareholders of record at the close of business on April 13, Abbott said in a news release.

Abbott has increased its dividend payout for 46 consecutive years. Its 12-month dividend yield is 1.87% and the firm has a three-year dividend growth of 6.1%, a spokesperson told Investor's Business Daily.

In comparison, the average 12-month yield for health care companies in the S&P 500 is 1.79%.

Midday on the stock market today , Abbott rose 1.5%, near 60.40.


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This article appears in: Investing , Stocks
Referenced Symbols: ABT

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