Abbott Increases Dividend for 53rd Consecutive Year

Abbott Laboratories has increased its quarterly dividend by 7.3% to $0.59 per share. This decision represents the 53rd consecutive year the company has grown its dividend payout and the 404th consecutive quarterly dividend payment.

The company's dividend has risen more than 60% since 2020 and has more than doubled over the last decade. Abbott is included in the S&P 500's Dividend Aristocrats Index, which comprises companies that have raised their dividend for at least 25 consecutive years. It is also part of the "Dividend Kings" list, for companies that have increased dividends for at least 50 consecutive years.

The dividend increase reflects the company's financial stability and its consistent ability to generate shareholder value. Abbott has paid dividends to shareholders for over 100 consecutive years, navigating numerous market and technological shifts throughout its history.

The company's long history of dividend growth dates back to 1924. The case of former secretary Grace Groner, who bought three Abbott shares in 1935 and whose investment grew over decades to over $7 million through dividend reinvestment and stock splits, exemplifies the company's long-term return potential.