On September 13, Abbott Laboratories (ABT) announced its 379th consecutive quarterly dividend, which is payable on November 15. The dividend of $0.28 per share will be paid to shareholders of record as of the close of business on October 15.
The company’s annual dividend in 2017 was $1.06, while its indicated annual dividend for 2018 is $1.12 per share. Last year, it paid a quarterly dividend of $0.265 to its shareholders, so its new quarterly dividend represents an increase of ~5.7%.
Abbott Laboratories paid its second-quarter dividend of $0.28 per share on August 15 to shareholders of record as of the close of business on July 13. The company has been paying dividends to its shareholders since 1926. For the past 46 consecutive years, Abbott has consistently increased its dividend. The company is part of the S&P 500 Dividend Aristocrats Index, which is made up of companies that have paid increasing dividends to shareholders for at least 25 consecutive years.
As of September 19, ABT’s dividend yield is 1.64%. Peers Johnson & Johnson (JNJ), Medtronic (MDT), and Becton, Dickinson and Company (BDX) have dividend yields of 2.56%, 2.06%, and 1.15%, respectively. These medical technology companies are also US dividend aristocrats.