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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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