AbbVie Inc. Dividend Increase
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AbbVie Inc. (ABBV) recently announced its next dividend of $1.55 per share, a 4.73% increase over the company's previous payout of $1.48. DivGro's annual dividend income will increase by $28.00 as a result.
I own 100 shares of ABBV at an average cost basis of $60.56 per share. Following this increase, my yield on cost is 10.24%. In comparison, ABBV's forward yield is 4.46% at $138.93 per share.
ABBV became DivGro's 11th Home Run stock in February 2018 when the stock doubled my original capital outlay.
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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. ...
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