AbbVie Dividend Increase

Mark, Marker, Hand, Write, Glass, Glass Pane

Image Source: Pixabay

On 30 October, AbbVie (ABBV) increased its quarterly dividend by 5.81%, from $1.55 to $1.64 per share.

The dividend will be paid on 15 February 2025 to shareholders of record on 15 January 2025. The ex-dividend date is 15 January 2025.

ABBV's contribution to DivGro's projected annual dividend income will increase by $36 to $656.

I own 100 shares of ABBV at an average cost basis of $60.56 per share. Following this increase, my yield on cost is 10.83%. (ABBV's forward yield is 3.22% at $203.55 per share). 

Since I opened my ABBV position in December 2016, the stock has produced total returns of 296%, including $3,656 in dividend income. That's an outstanding annualized rate of return of 19.0%!

ABBV became DivGro's 11th Home Run stock in February 2018, when the stock doubled my original capital outlay. 

5-Year History of Dividend Payouts by Ex-Date

2020 2021 2022 2023 2024 2025
$4.72 $5.20 $5.64 $5.92 $6.20 $6.56
10.28% 10.17% 8.46% 4.96% 4.73% 5.81%
5-year DGR: 7.69% 6.81%

projected, assuming no further changes


More By This Author:

Visa Inc. Dividend Increase
Brown & Brown Dividend Increase
Rollins Dividend Increase

Disclaimer: I'm not an investment professional or a licensed financial advisor. This article represents my personal views and decisions, which may not be appropriate for other investors. ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with