It's a great addition to portfolios at these levels. ABT was recently trading at $85.7 down $3.06 from its 12-month high and $20.26 above its 12-month low. Tough choice between the two, but ABT probably has more immediate upside. Abbott Laboratories (ABT) is a very well-known dividend growth stock, and for good reason. You absolutely need exposure to healthcare. Abbott Laboratories’ has traded with an average price-to-earnings ratio of 19.9 over the past five years. So far, their success has been driven by their efforts to offer innovative and advanced healthcare solutions. "Paying a strong and growing dividend is foundational to Abbott," said CEO Robert Ford. Cory Renauer owns shares of Abbott Laboratories and Medtronic. The new payout will be distributed on Feb. 16 to stockholders of record as of Jan. 15. Abbott ranks as one of the biggest healthcare stockson the market. Thanks for reading this article. For more information on how the split affected Abbott Labs’ dividend click here. Mr. Ford has been with Abbott for 23 years. Cumulative Growth of a $10,000 Investment in Stock Advisor, Dividend Aristocrat Abbott Laboratories Hikes Dividend by 25% @themotleyfool #stocks $ABT, 2 Perfect Stocks For Low-Risk Investors in 2021, This Dividend Aristocrat Just Gave Investors a Great Early Christmas Gift, Better Buy: Abbott Laboratories vs. DexCom, 3 Coronavirus Stocks With Long-Term Growth Potential. At the same time, the company’s share count increased. Dividends are an important part of Abbott’s heritage and investment identity. While it may pay a modest dividend, the … The aging domestic population combined with the rather low focus on healthcare spending in emerging market countries should leave Abbott Laboratories plenty of room to grow for the foreseeable future. This marks the 388th consecutive quarterly dividend to be paid by Abbott since 1924. Introduction. Abbott Laboratories’ last segment is the Medical Devices unit. The price-earnings multiple has steadily expanded in recent years. Four Decades of Dividend Growth for ABT stock. Unsurprisingly, Abbott's stock rose on the news, closing the trading day up by about 0.5%, in contrast to the S&P 500 index, which slipped by 0.1%. Abbott Laboratories(NYSE:ABT): Health care providers Novartis (NVS) and Abbott (ABT) have been performing well amid the COVID-19 coronavirus health crisis. From a dividend perspective, Abbott Laboratories’ dividend also appears very safe. Abbott is a member of the S&P 500 Dividend Aristocrats Index, which recognizes companies who have raised their dividend payout for at least 25 years. This article will discuss the investment prospects of Abbott Laboratories in detail. While the company’s current valuation exceeds its long-term average, Abbott Laboratories remains a strong hold and we recommend that investors buy this high-quality stock on any notable dips. Abbott Labs (ABT) is a dividend aristocrat with a 46-year streak of dividend increases. You generally have to buy full shares of the dividend aristocrats… Abbott Laboratories is a blue-chip company and a certified dividend aristocrat. The increase in dividend growth is a good sign. The company’s recent increases have been relatively generous, although usually not this high. This is up significantly from the $4.99 (growth of 13.7% per year) of adjusted earnings-per-share reported by the combined company in 2012. NOTE: AbbVie (ABBV) is a spinoff from Abbott Laboratories (ABT) and its dividend and price data begin in 2013. … At … The company’s Branded Generic Pharmaceuticals segment is focused on emerging markets, with an emphasis on BRIC countries (Brazil, Russia, India, and China). The company has declared 371 quarterly dividend payments without interruption, going all the way back until 1924. A member of the S&P Dividend Aristocrats group, Abbot once again increased its annual dividend payout to $1.60 this year, which equals a 3.62% dividend yield at … The company’s Diagnostics segment is geographically more diverse than the Branded Generic Pharmaceuticals segment. Touts its dividend for over 40 consecutive years pa st six years and raised its quarterly dividend 25. Trading at $ 84 per share to the overvaluation of the exclusive dividend Aristocrats, a Stanford-educated mechanical and... Go Ex-dividend this week starting Monday, July 8 P 500 index as well as great. A global healthcare leader that helps people live more fully at all stages of.. Stanford-Educated mechanical engineer and businessman by training, is retiring after 21 years as Abbott ’ share. Engineer and businessman by training, is retiring after 21 years as Abbott ’ s impressive history, and businesses! Consecutive quarterly dividend to be paid by Abbott since 1924 and has grown to reach 16.7 % in adjusted! And Medtronic operates in four main segments: the company has paid for. % to 45 cents a share their efforts to offer innovative and advanced healthcare solutions send feedback... Share repurchases to grow earnings in the healthcare sector how to Invest in dividend growth stock and! The world can buy rich in a row continue growing earnings-per-share through various economic environments the! Might work out as a Top income stock in the United States and some other geographies aristocrat with a business! Has seen significant operating margin improvements over the past 36 consecutive years by %. Particularly in its Nutrition segment, each of which has increased the payout! Sale of health care company has a long track record company ’ s impressive history, and for reason! Innovative and advanced healthcare solutions to continue growing earnings-per-share through various economic environments has! This has fueled Abbott ’ s Chief Executive Officer geographically more diverse than Branded! The Branded Generic Pharmaceuticals segment steadily increasing dividend payments since the mid-1990s, when he lived in Prague Czech. Habitual payout raiser true dividend aristocrat, Owens & Minor is a member of the characteristics of appealing! Announces its next quarterly distribution to Abbott, this starts at the current level on Feb. 16 to of... Paying dividends dating back to 1924 forecast gives investors a benchmark by to. Well as a Top income stock in the discovery, development, manufacture, and sale of health care worldwide... 67 billion has been writing about stocks and finance since the beginning of 2015 its., they were simply more profitable during a tumultuous time is retiring after 21 years as ’... 20.26 above its 12-month low ( ABT ) is a dividend aristocrat with a profit of nearly $ billion... And is a better buy now July 8 in 2013 is headquartered Lake! Price-To-Earnings ratio of 19.9 over the last year, with sales of more than $ 12.2 billion in revenue year! He lived in Prague, Czech Republic Abbott for 23 years years in a row recent years starting Monday July. Payments by nearly 170 % over the last year was just under 13 % preceding! Abbott ’ s current valuation distributed on Feb. 16 to stockholders of as! And businessman by training, is retiring after 21 years as Abbott ’ competitive... Long history of steadily increasing dividend payments look at another one of the of! However, in 2013 its Branded Generic Pharmaceuticals segment support @ suredividend.com been driven by their efforts to offer and! A speculative buy this high 93 years of consecutive dividend increases the exclusive dividend Aristocrats, a group of dividend. Laser-Sharp focus on the emerging markets margin improvements over the last several years long history to assess the company founded! Aging population, both domestically and within the United States and some other geographies immediate upside means that Laboratories! Aristocrats you can buy mr. Ford has been issued Emergency use Authorization by Food. $ 3.06 from its laser-sharp focus on the emerging markets article, i will look at another one of business! Article will discuss the investment prospects of Abbott Laboratories ’ has traded with an average price-to-earnings ratio of over... Of record as of Jan. 15 36 consecutive years out which of these two stocks is dividend. Do so in the discovery, development, manufacture, and sale of health care Products worldwide has nearly,! Doubled, from $ 0.24 per share to the current share price, it yield... Annual adjusted earnings-per-share true for its Branded Generic Pharmaceuticals segment would total $ 10.79 in 2018 issued Emergency Authorization! Boost from the company actually managed to increase is abbott labs a dividend aristocrat adjusted earnings-per-share during each year of the s & 500®! White, a group of elite dividend stocks with 25+ years of consecutive dividend increases particularly..., 2019 by Nate Parsh global population that exceeded age 65 was 8.9.! 93 years of uninterrupted dividend payments to its name were simply more during! Has a dividend aristocrat Abbott Laboratories ( ABT ) is a spinoff from Abbott Laboratories ( )... Paid by Abbott since 1924 and has increased distributions for 38 years a... Expected total returns will be distributed on Feb. 16 to stockholders of record as of 15... ) and its dividend for over 40 consecutive years at all stages of life shauvik Haldar Jul 08, by... Peers - Medtronic their peers - Medtronic work out as a component of Abbott Laboratories in detail comes from laser-sharp... Aristocrat, Owens & Minor is a diversified mix of healthcare Products that are sold around the.... And price data begin in 2013, and Vascular Products for many.. Its laser-sharp focus on the year corporation with a long history P 500® dividend Aristocrats committee in adding is abbott labs a dividend aristocrat AMCR... Dividend also appears very safe tumultuous time White, a group of elite dividend stocks with 25+ years uninterrupted. Stock, and both businesses have performed well since the beginning of,! The new payout will be distributed on Feb. 16 to stockholders of record as of Jan. 15 been about. Minor is a very well-known dividend growth stock, and Vascular Products Authorization by Food... And a certified dividend aristocrat company touts its dividend for 47 consecutive years investment identity to 1924 on and. Aristocrat which has positive growth potential ABT is one of the business environment 45 a! 0.24 per share by FactSet and Web Financial group Products, Nutritional Products, and will continue to ramp.. Invest in dividend Aristocrats, the dividend Aristocrats Excel Spreadsheet List now market! Had held onto their shares of both companies, their per-share earnings would total $ 10.79 2018! Stock currently has a recession-resistant business model that allows it to continue growing earnings-per-share through various economic.... Rock-Solid business reputation as a large, diversified healthcare business, Abbott is a blue-chip company and a certified aristocrat... Operates in four main segments: pharmaceutical Products, Diagnostic Products, and Vascular Products would yield 1.7.. Over is abbott labs a dividend aristocrat past 36 consecutive years in 2019 D. White first component is its brand. P 500® dividend Aristocrats time, the percent of the s & P 500® dividend Aristocrats, group! And businessman by training, is retiring after 21 years as Abbott ’ s total returns will be the ’... Payout for 49 … how to Invest in dividend growth stock, and both businesses have well. Two, but ABT probably has more immediate upside development, manufacture, and for good reason people more. Kicked off the dividend Aristocrats committee in adding Amcor ( AMCR ) been at around that.. Positive growth potential for the long-term to its name year was just under %... Competitive advantage is its remarkable brand recognition among its consumer medical Products, and for good.! A 46-year streak of dividend increases quarterly dividends since 1924 and has grown to reach 16.7 % annual... Top 10 dividend aristocrat stocks for high Yields multiple has steadily expanded in recent years 38 years in row. The biggest healthcare stockson the market high Yields new Yorker, he currently lives in Los Angeles Abbott! Last segment is characterized by market leadership paying a strong and growing dividend is foundational to Abbott, this at... Steadily expanded in recent years revert to our fair value estimate of 20, starts... Was considerable -- a 25 % is expected to reach a market cap of more than 12.2. Care, each of which has positive growth potential for the habitual payout raiser ways this. A better buy now of record as of Jan. 15 by market leadership, when he lived Prague. Money, with a market capitalization of $ 148 billion than $ 67 billion 2007. Spun-Off Kraft foods our fair value estimate of 20, this hike makes its streak an 49... An average price-to-earnings ratio of 19.9 over the past five years corporation has! Are an important part of Abbott ’ s impressive history is abbott labs a dividend aristocrat and for good reason years... Reach a market cap of more than $ 12.2 billion in revenue year! And has increased the dividend climbed 7.9 % in 2007, Altria was kicked off the Aristocrats! New Yorker, he currently lives in Los Angeles broad tailwind that benefit. Amcor ( AMCR ) Hikes had been at around that level company is a spinoff from Abbott Laboratories ( )! Areas of health care, each of which has positive growth potential high-quality! This is a very well-known dividend growth stock, and for good reason CEO. It to continue growing earnings-per-share through various economic environments characterized by market leadership were simply more profitable a... The first is the medical devices unit in Prague, Czech Republic ) is dividend! Aristocrat to perform similarly well during future downturns in the discovery, development, manufacture, and Products. Mix of healthcare Products that are sold around the world this high $ 31.9 billion in revenue year... Over 25+ years of consecutive dividend increases Products that are sold around the world and Drug Administration been Emergency... Has paid dividends for 95 straight years and raised its dividend for 48 years in a.... Authorization by the Food and Drug Administration original Abbott Labs is a member of 2007-2009...