11-02-2018, 08:54 AM
AbbVie (ABBV) is announcing today that its board of directors declared an increase in the company's quarterly cash dividend from $0.96 per share to $1.07 per share beginning with the dividend payable on February 15, 2019 to shareholders of record as of January 15, 2019. This reflects an increase of approximately 11.5 percent, continuing AbbVie's strong commitment to returning cash to shareholders through a growing dividend. Since the company's inception in 2013, AbbVie has increased its quarterly dividend by 168 percent.
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This double-digit increase brings the yield over 5%. Interesting stock for sure, I don't plan to add more capital, but will enjoy reinvesting dividends at a 5% rate!
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This double-digit increase brings the yield over 5%. Interesting stock for sure, I don't plan to add more capital, but will enjoy reinvesting dividends at a 5% rate!