Abbott declares 351st consecutive quarterly dividend
The board of directors of Lake County's Libertytownship-based Abbott today declared a quarterly common dividend of 48 cents per share.
This marks the 351st consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Nov. 15, 2011, to shareholders of record at the close of business on Oct. 14, 2011.
Abbott has increased its dividend payout for 39 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for 25 consecutive years.
Abbott is a global, broad-based health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics. The company employs nearly 90,000 people and markets its products in more than 130 countries.