Today the board of directors of AbbVie announced a quarterly dividend increase of from $ 0.96 to $ 1.07 per share that’s payable February 15, 2019 to holders of record January 15, 2019. This represents a 11.46% increase to regular quarterly dividends.
With current price $ 84.18 (today's open), this raise
brings their dividend yield to 5.08%.
Since I own 45 shares of ABBV this will increase my
yearly net dividends by $ 14.75.
That increase rises my YOC to 6.74%
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You can follow the development of my dividends here.
Full Disclosure: Long ABBV
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This is great news! Finally bought some ABBV yesterday and the yield-on-cost is already 5,4 %.
ReplyDeleteThe stock price might be down but ABBV still chugs along with nice dividend increases. It's on my short list for a potential November buy.
ReplyDeleteHey Hawk,
ReplyDeleteGreat to see this dividend increase ring through. Double digits are always great, particularly on top of a healthy starting yield. ABBV has seen recent pressure, but overall I believe it to be a good name that is indeed on my radar.
Take care,
Ryan