In a busy week for dividend announcements, Abbott,
Bristol Myers Squibb, and Broadcomm were among the large U.S. companies that said they plan to boost their payouts.
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
Dividend Aristocrats, all of which have paid out a higher dividend for at least 25 straight years.
Another member of the Aristocrats,
(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.