Saturday, February 17, 2007

Abbott Laboratories Announces 10.2% Dividend Increase

Yesterday, Abbott Laboratories (ABT) announced a 10.2% increase in its quarterly dividend to 32.5 cents versus 29.5 cents in the same quarter last year. ABT's historical 5-year dividend growth rate is 6% as a result the recent increase represents an acceleration in the dividend growth rate. The projected payout ratio on 2007 earnings estimate of $2.81 is 46%--essentially in line with the 5-year average payout ratio.

(click on charts for larger image)
Abbott Labs dividend analysis
Abbott Labs stock chart

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