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.
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