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In a busy week for dividend announcements, Abbott,
Campbell Soup,
Zoetis,
Bristol Myers Squibb, and Broadcomm were among the large U.S. companies that said they plan to boost their payouts.
Abbott
Laboratories (ticker: ABT), whose portfolio includes medical devices and nutritional products, declared a quarterly dividend of 45 cents a share, up 25% from 36 cents. The stock, which yields 1.4%, has returned about 23% this year, dividends included.
This marks the 49th straight year in which the company has raised its dividend. Abbott is a member of the
S&P 500
Dividend Aristocrats, all of which have paid out a higher dividend for at least 25 straight years.
Another member of the Aristocrats,
Pentair
(PNR), plans to raise its quarterly dividend to 20 cents a share from 19 cents. That’s a 5% boost.
The company’s various products include pumps and water supply products.