Abbott has increased its dividend payout for 49 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index , which tracks companies that have increased dividends annually for at least 25 consecutive years. In fact, it was out of character for Abbott, whose more recent dividend hikes had been in the high single digits to low teens. We’ll begin with Abbott Laboratories (ABT), a medical devices, generic drugs and nutritional products maker that split with its pharmaceuticals business, AbbVie (ABBV), in 2013. Our jaws nearly hit the floor we were so surprised. In other words, Mastercard has a lot more runway in cashless transactions than you might think. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Now, all eyes are looking ahead to their major investor day at the end of January. See what's happening in the market right now with MarketBeat's real-time news feed. Darden was not even on our radars as a dividend growth stock. The corresponding amount in sterling will be announced on 16 March 2020. In September, for instance, MA rolled out a testing platform that “allows central banks to evaluate use cases and test roll-out strategies for CBDCs.”. The clock just started on the biggest financial event in 20 years. Abbott has increased its dividend payout for 49 consecutive years and is a … The cash dividend is payable Feb. 16, 2021, to shareholders of record at the close of business on Jan. 15, 2021 . Abbott (NYSE: ABT) declared a quarterly dividend of $0.45 per share, or $1.8 annualized.This is a 25% increase from the prior dividend of $0.36. Moreover, they had above-average cash-flow coverage ratios—a key financial strength measure. Learn about financial terms, types of investments, trading strategies and more. If Wall Street's top analysts are consistently giving "hold" and "sell" ratings to stock, you know there's a serious problem. ... abt will be $127 by the end of the month. That will be an exciting, news filled day. Thanks for the post! Identify stocks that meet your criteria using seven unique stock screeners. It’s not just that you’re getting strong total returns, but the fastest dividend growers’ payouts are covered by nearly five times the cash they need, versus by just 1.4x for the high-yield group. As recently as 2018, 87% of transactions in Spain were in cash; that figure was 86% in Italy, and amazingly, 82% in tech-savvy Japan. "Paying a strong and growing dividend is foundational to Abbott," said Robert B. Ford, president and chief executive officer, Abbott. I wonder what T will do as well. I’m also not talking just plastic—Mastercard knows that digital currencies, not credit cards, could be the future, and it’s already developing technologies to ensure it’s relevant there, too. Mastercard’s Shares (And Dividends) Are Charging Ahead Full-Speed. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. We have been saying this for months now. EnBridge (ENB) – The Canadian oil and gas giant announced a 3.1% dividend increase. This marks the 388 th consecutive quarterly dividend to be paid by Abbott since 1924. Dividend income from my taxable account totaled $728.80 up from $584.61 an increase of 24.7% from November of last year. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. ABBOTT PARK, Ill., Dec. 11, 2020 /PRNewswire/ -- Abbott (NYSE: ABT) today announced that its board of directors has increased the company's quarterly common dividend to 45 cents per share, reflecting a 25% increase. Credit cards might seem like old hat to us, but in many parts of the world, cash is still king. Its dividend growth rate is trending down from very high levels, which is not a particular concern. The increase for 2021 – already announced – is a healthy 10.2%. This slide show lists the 20 companies that have the lowest average analyst recommendations from Wall Street's equities research analysts over the last 12 months. ABT Dividend History & Description — Abbott Laboratories. 25% dividend increase announced today for 2021. Abbott Laboratories annonuced a MASSIVE 25% dividend increase in December. Reply. The company operates in consumer staples sectors. The Surprise “No Dividend Increase Announcement” – This section will feature any companies that did not announce a dividend increase as expected. Company #3: Air Products and Chemicals, Inc (APD) – I am not too familiar with Air Products and Chemicals, outside of their status as a Dividend Aristocrat. Ned Davis Research, for example, conducted an oft-quoted study that found that between 1972 and 2010, the S&P 500’s average annual return was 7.3%, but dividend growers averaged 9.6%. The cash dividend is payable Feb. 16, 2021, to shareholders of record at the close of business on Jan. 15, 2021. You’ll need it, given AVGO’s current fractional yield. Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter: View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. And check out the dividend safety. Heck, there have even been rumors about potentially taking the company private (only rumors). It was a shockingly low dividend increase for a company that has averaged 20% dividend increase in recent years. ABT Shares Will Have Another Big Dividend Hike to Chase Abbott has certainly delivered the goods, however. Ex-Div. Investors who scoop up shares by the market close on Jan. 15, 2021, will be eligible to receive the company's bigger dividend to be paid out on Feb. 16. Here’s Where to Get in on Tattooed Chef (NASDAQ: TTCF) Stock, FuelCell Energy (NASDAQ:FCEL) Rating Lowered to Hold at Zacks Investment Research, Stock exchange delisting 3 China companies under Trump order, Fiverr (NYSE: FVRR) is Just Getting Started, Receive Analysts' Upgrades and Downgrades Daily. ABT’s medical device sale in the Diabetes Care category climbed 26.9% year-over-year. We can scale our money more securely—and just as spectacularly—by purchasing sound dividend payers that happen to be growing their payouts rapidly. Today’s news marks the 388th consecutive quarterly dividend to be paid by the Abbott Park, Ill.-based company since 1924. ABT’s stock has delivered year-to-date returns of 25%. Company #7: AT&T (T) – I am bringing forward AT&T one more time on this list. So should its rapid dividend growth. Company #6: Comcast (CMCSA) – I am excited to see Comcast’s potential dividend announcement in January. I call them “recession-proof” because they have the perfect mix of qualities that enable them to deliver reliable, predictable returns of 12% to 20% every year, regardless of whether we’re in a bull market or a bear. On the dividend front, Comcast has a strong dividend growth rate and I would expect their January dividend increase announcement to fall in line with their recent history. View which stocks are hot on social media with MarketBeat's trending stocks report. ABT Shares Will Have Another Big Dividend Hike to Chase Abbott has certainly delivered the goods, however. This is by far the biggest increase announced by the company since it separated from fellow Aristocrat AbbVie (ABBV). 2021 is going to be an amazing year for everyone. Earnings were $3.69 billion, an increase of 55.70%. While I will not pay for another streaming service, I know plenty of others that may do so! Not only do these raises increase the yield on your initial capital, but also they often are reflected in a price increase for the stock. Report. The company has grown its dividend for the last 48 consecutive years and is increasing its dividend by an average of 7.17% each year. The next Abbott Laboratories dividend will go ex in 10 days for 45c and will be paid in 1 month. We loved this increase so much that we feature Abbott vs. AbbVie in one of our recent dividend stock showdown Youtube videos. Still on the right track I would say. The dividend looks safe when all is considered and the dividend increase of 12.50% this year continues a very nice trend of increases. I know, I know—you can get 0.5% from a high-yield savings account. Let’s keep things moving and going here during the new year. Meanwhile, EPS is likely to climb 42.1% to $1.35. Your email address will not be published. Dividend Aristocrat AbbVie Declares Its Latest Payout; Yield Is 5.3% The company is one of the most solid dividend dispensers in its industry. However, whatever happens, I am expecting that we will be all over the news! Let’s buckle up and get ready for an exciting January. The price per barrel collapsed at the beginning of 2020 and the sector has yet to recover. The company typically announces a $.01 per share increase in its quarterly dividend at the beginning of December. That’s the 21st consecutive annual dividend increase for this dividend achiever. … Dividend Increases are back and it contributed to yet another CRAZY month of dividend increases. This new dividend hike is the biggest announced by Abbott since the separation from AbbVie (ABBV). My two big concerns? This is a far different company than it was five years ago. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. Robert B. Ford, the company's president and chief executive, said, "The increase reflects the strength and momentum of Abbott's diversified business and our ability to invest in future growth while returning immediate value to shareholders." Abbott Laboratories (ABT) Fortunes will be made and lost in 2021. Receive a free world-class investing education from MarketBeat. 2021 is here with style! There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.6. The total portfolio dividend growth scorecard for the US stocks shows an average 2.1% current yield (the stocks have had quite the run-up) and a dividend growth rate in 2020 of 6.9%. That means it had about 140% of the free cash flow it needed to cover the dividend, which is well below the 4.8 FCF coverage ratio of Argus’s first-tranche stocks. Company #1: Consolidated Edison (ED) –  It is only fitting that we start the list off with one of our Top 5 Foundation Dividend Stocks, right? It was worth noting that several dividend stocks in the pharmaceutical sector. Let’s put a few recent massive raisers to the Argus test. The company has a high yield and has raised the dividend every year since it was created. Revenues were $6.8 billion during the fiscal year ended November 2015; over the past 12 months, the company has generated a top line of nearly $24 billion. The Banking Industry – The banking sector received a nice jolt in December when the Fed annoucned the results of stress tests. The health care sector remains one of my favorite places to find stocks offering solid yields and lengthy track records of dividend growth. And here, we can have faith that AVGO can keep it up; that’s because despite the company’s lust for M&A, Broadcom generates more than enough cash to dole out to shareholders. Dividend increase announcements continue to pile up as 2020 draws to a close. Dividend Channel - Wednesday, December 30, 12:39 PM. No Dividend Cuts In 2020, Many Increases For Our Market-Beating Dividend Growth Portfolio Dec. 24, 2020 5:56 AM ET AAPL, ABT, BLK... 52 Comments 61 Likes Dale Roberts Consider this: Right now, I’ve identified 7 recession-proof dividend growers that are better buys than even MA and AVGO as the calendar flips to 2021. Financial Statements I would love to see a surprise dividend increase announcement here! ABT has increased its dividend from $0.24 in 2015 to $0.36 in 2020. They can: And unlike the stocks above, all 7 of these low-key dividend growers are bargains right now. Consolidated Edison is one of our favorite utility companies, dominating in a sector that is essential to everyday life. With widespread return of capital to shareholders, one would expect that dividend increases in the sector will be plentiful in the coming months. The dividend is payable Feb. 16 to shareholders of record Jan. 15 with an ex-div date of Jan. 14. The cash dividend is payable Feb. 16, 2021, to shareholders of record at the close of business on Jan. 15, 2021 . The technology giant has been featured on multiple dividend stock watch lists lately. This marks the 388th consecutive quarterly dividend to be paid by Abbott since 1924. Reply. Notify me of follow-up comments by email. However, Argus Research did a more recent follow-up on this analysis. With that being said, let’s take a look back at my November 2020 dividend income. There are three—and only three—ways a company’s stock can pay us: Everyone loves the dividend, but investors usually don’t give enough love to the dividend hike. Would the company announce a similar increase to Visa? Shareholders have enjoyed 20%-plus average annual returns over the past half-decade, and Wall Street is expecting another big year for ABT’s operations, modeling 14% revenue growth and 24% profit growth in 2021. Dividend Aristocrat Abbott Laboratories (ABT) will raise its quarterly dividend by 25% to $0.45 per share in the first quarter of 2021. Two 20 something dudes who are blogging about #Investing, #Frugality, Passive Income & attempting to Reinvest Our Dividends to Financial Freedom! The market has started keying in on value after squeezing every drop of profit from growth, so these low-volatility dividends are about to become en vogue again. 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