Abbott Labs: Key Dividend Yield Levels to Watch
Richard Bloch submits:Using the same format as my post on Intel’s (INTC) dividend, here’s a similar view of Abbott Labs (ABT). This chart (click to enlarge) shows the forward annual dividend yield on the most recent quarterly payment.
Abbott Labs has increased its payout every year for decades. As you can see, the stock yields about 3.75% at a price of around $51.25. But 18 months ago, that amounted to only a 3.25% yield. The stock’s performance has been disappointing, but I like Abbott as a long-term holding, partly for its dividend and the company’s diversification. It’s not just a drug company, but also sells nutritional products, diagnostic tests, and medical devices. As for the company’s dividend track record, here’s a lookComplete Story »