Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



AbbVie Declares Quarterly Dividend, Launches Stock Buybacks

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

AbbVie (NYSE: ABBV  ) has declared a quarterly dividend and instituted a share repurchase program. The dividend is $0.40 per share of the firm's common stock, which is to be paid May 15 to shareholders of record as of April 15. That payout annualizes to $1.60, yielding 4.3% on the company's current share price of $37.58.

This is the second dividend payment in AbbVie's short history, and its amount matches the first payout made in January.

AbbVie's stock buyback program is effective immediately, and authorizes the company to repurchase up to $1.5 billion of its shares for what it termed "a multi-year period." The program has no time limit.

Read/Post Comments (1) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 16, 2013, at 8:58 PM, PEStudent wrote:

    Abbvie got the lion's share of the old Abbott dividend. Last year Abbott's dividend was $0.51 per quarter. Shareholder's money was divided 50% to Abbott and 50% to the new Abbvie spinoff with 1 roughly-equal valued share of Abbvie for each share of Abbott owned. But Abbvie now has a $0.40 dividend compared to the new Abbott's $0.14. That's $0.54 compared to last year's $0.51 and Abbott is claiming it's raised its dividend for the 40th consecutive year, which is stretching it a little since roughly 80% of the dividend went to a completely separate new company!

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2259843, ~/Articles/ArticleHandler.aspx, 9/25/2016 8:46:42 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes