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Saturday, October 28, 2023

ABBV Dividend Increase

AbbVie ($ABBV) 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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