Business & Finance
Abbott increases quarterly common dividend
13 December 2021 -

Abbott (NYSE: ABT), a global healthcare company, announced on Friday an increase in its quarterly common dividend, marking the company's 50th consecutive year of dividend growth.

The company's quarterly common dividend increased by 4.4% to USD0.47 per share.

Shareholders of record at 14 January 2022 will receive the dividend payment on 15 February 2022.

"Fifty years of dividend growth reflects the consistently strong performance of our diversified business model," said Robert B. Ford, president and chief executive officer, Abbott. "It exemplifies our longstanding commitment to delivering sustainable growth that fuels innovation as well as shareholder returns."

Abbott's board has also authorised the repurchase of up to USD5bn of the corporation's common shares. This new authorisation is in addition to the unused portion of the previous program authorised by Abbott's board in October 2019. The purchases may be made from time to time as market conditions warrant and subject to regulatory considerations.